Can India nationality apply for an APEC card?

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No, you can't. Only APEC passport holders and permanent residents of Hong Kong are eligible:

To be eligible to apply for an ABTC you must hold a valid passport from an APEC economy (or be a permanent resident of the Hong Kong Special Administrative Region [...]

https://www.apec.org/Groups/Committee-on-Trade-and-Investment/Business-Mobility-Group/ABTC

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Source: stackoverflow.com

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