Govt Welcomes Apple, Samsung's Local Manufacturing Move, Chinese OEMs Skip PLI Offer
4 years, 4 months ago

Govt Welcomes Apple, Samsung's Local Manufacturing Move, Chinese OEMs Skip PLI Offer

News 18  

Manufacturing partners of Apple and Samsung in India have announced their participation in India’s Production Linked Incentive offer to do away with India’s dependence on China. Speaking to the media on Saturday, August 1, union telecom minister Ravi Shankar Prasad said that the government has welcomed Apple and Samsung to make the most of India’s local manufacturing benefits, which has extended incentives of up to Rs 41,000 crore subject to meeting local manufacturing targets. The list of local manufacturing applicants in India include global players as well as their subsidiaries, including Samsung, Pegatron, Foxconn, Wistron, Rising Star, Dixon, Padget, Lava, Micromax and more. While Samsung has been a long time player in India’s local manufacturing ecosystem, Apple has also made the move for local manufacturing of smartphones stronger in the recent years. While local manufacturing in India is still largely going to be limited to assembling of devices in India, setting up of more extensive assembly plants would be the first step towards developing India's manufacturing ecosystem.

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History of this topic

Taiwanese laptop maker MSI begins India manufacturing with Chennai facility
1 week ago

Taiwanese laptop maker MSI begins India manufacturing with Chennai facility

Deccan Chronicle  

New Delhi: Taiwanese laptop maker MSI on Tuesday announced the commencement of its manufacturing operations in India with its first facility in Chennai. In line with the objective of "Make in India", MSI will introduce locally-produced versions of two laptop models -- the MSI Modern 14 and MSI Thin 15, a company statement said. "As demand for high-performance laptops continues …

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year
1 week, 1 day ago

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year

Firstpost  

India’s smartphone PLI scheme has been a game-changer, transforming the sector from the country’s 23rd-ranked export in 2019 to the third-largest individual commodity export today Apple emerged as the frontrunner in November, with exports worth Rs 14,000 crore, the highest ever for the company in India. Image Credit: Reuters India’s smartphone exports have reached an unprecedented milestone, crossing the Rs …

Apple to begin assembling THIS product in India: Here’s what the report suggests
1 week, 4 days ago

Apple to begin assembling THIS product in India: Here’s what the report suggests

Live Mint  

Apple is reportedly set to begin assembling its popular AirPods wireless earphones in India, marking a major step in the company's ongoing efforts to expand its manufacturing footprint beyond China. According to a Bloomberg report, Foxconn Technology Group, a key Apple supplier, is preparing to begin AirPods production at a new facility near Hyderabad, Telangana, as early as the first …

Xiaomi does not plan India IPO anytime soon, 2025 focus on IoT devices: COO
2 weeks ago

Xiaomi does not plan India IPO anytime soon, 2025 focus on IoT devices: COO

Live Mint  

Xiaomi has no plans for an India listing anytime soon but it intends to bring a larger pool of products to the country and wants to be known beyond smartphones, according to its newly appointed chief operating officer Sudhin Mathur. With an aim to connect over 700 million IoT or connected devices over the next decade, up from about 250 …

LG plans to set up manufacturing unit at Andhra, fears competition from parent entity
2 weeks, 1 day ago

LG plans to set up manufacturing unit at Andhra, fears competition from parent entity

Live Mint  

New Delhi, Dec 9 LG Electronics India has plans to set up a new plant in Andhra Pradesh to boost its manufacturing capacity in the country, though it also fears competition from its South Korean parent entity. The company is supported by its parent entity, LG Electronics for various aspects of its business, including product innovations, product design, technologies for …

Building Apple products has become a side hustle for China’s biggest EV maker
3 weeks, 1 day ago

Building Apple products has become a side hustle for China’s biggest EV maker

Live Mint  

Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. BYD, known globally as Tesla’s most formidable EV competitor, has a second business manufacturing electronics, and it has grown to assemble more than 30% of Apple’s tablets, according to industry executives and analysts. Cook said on Chinese social media that BYD was among …

Nokia phone maker HMD shifts manufacturing hub from China to India, eyes global export boost
4 weeks ago

Nokia phone maker HMD shifts manufacturing hub from China to India, eyes global export boost

Live Mint  

Finnish handset maker HMD Global, known for producing Nokia-branded phones, is relocating a significant portion of its manufacturing from China to India. The move aligns with its strategy to make India a global manufacturing hub and capitalise on shifting geopolitical dynamics, as per Moneycontrol report. Ravi Kunwar, HMD’s CEO and VP for India and Asia Pacific, confirmed the shift, stating, …

HMD looks to strengthen exports from India amid rising US-China trade tensions
Trending News
4 weeks, 1 day ago

HMD looks to strengthen exports from India amid rising US-China trade tensions

Live Mint  

Human Mobile Devices, makers of Nokia-branded mobile phones, is gearing up capacities and local supplier ecosystem in anticipation of higher levels of exports from India to global markets amid higher tariffs expected to be levied on Chinese products by the incoming US government under President-elect Donald Trump. HMD is currently exporting Nokia brand of feature phones and smartphones to West …

Government to offer USD 500 crore incentive to further localise smartphone production
1 month ago

Government to offer USD 500 crore incentive to further localise smartphone production

India TV News  

India is planning to offer significant financial incentives, up to USD 500 crore, to encourage companies to produce parts locally for a variety of electronic devices, including mobile phones and laptops. Over the past six years, India’s production of electronics has more than doubled, reaching approximately USD 11,500 crore in 2024. India has set an ambitious goal to increase its …

India unveils $5 billion plan to strengthen domestic electronics component production
1 month ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 1 week ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

India must cash in on chip war
1 month, 1 week ago

India must cash in on chip war

Hindustan Times  

The US government’s latest directive to TSMC, halting shipments of advanced semiconductors to China, marks a significant escalation in the global chip wars. The US has tightened its grip on advanced chip sales to China, from restricting Nvidia and AMD’s AI chip sales in 2022 to planning additional controls on about 120 Chinese tech firms. The Biden administration’s sustained pressure …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

Samsung, OnePlus woes threaten premium smartphone growth in India
1 month, 1 week ago

Samsung, OnePlus woes threaten premium smartphone growth in India

Live Mint  

NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors. Read this | Diwali smartphone sales revive budget phones—for now “Samsung’s premium devices saw a clear downturn in demand from buyers during the festive period, even though it did strongly in the budget 5G …

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent
1 month, 2 weeks ago

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent

Live Mint  

Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies. “Mr Trump in his election rallies and speeches has been talking about imposition of tariffs on our neighbours, which I am sure will make a lot of …

Apple's India Expansion: A Strategic Shift Away from China
1 month, 3 weeks ago

Apple's India Expansion: A Strategic Shift Away from China

Firstpost  

Apple's expansion of its manufacturing base in India has gained significant attention, with the tech giant exporting nearly $6 billion worth of iPhones between April and September 2024. This represents a one-third increase in value compared to the same period last year, setting Apple on track to exceed $10 billion in exports by the end of the fiscal year. The …

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging
Trending News
1 month, 3 weeks ago

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost  

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

Apple to manufacture entire iPhone 16 lineup in India
2 months, 2 weeks ago

Apple to manufacture entire iPhone 16 lineup in India

New Indian Express  

US tech giant Apple announced on Friday that it will manufacture its entire iPhone 16 lineup, including its premium devices, in India. “Apple is now manufacturing the entire iPhone 16 lineup, including iPhone 16 Pro and iPhone 16 Pro Max, in India,” said Apple in a statement. Apple first started manufacturing iPhones in India in 2017, initially producing older generation …

How India can fix the Chinese imports problem
2 months, 3 weeks ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

'India has become launching pad for technology': PM Modi says made-in-India chips to be seen in America
3 months ago

'India has become launching pad for technology': PM Modi says made-in-India chips to be seen in America

India TV News  

New York: Prime Minister Narendra Modi unveiled an ambitious plan in the realm of technology, where he said the United States would soon see made-in-India Micron semiconductor chips. Addressing a crowd of 15,000 members of the Indian diaspora, PM Modi said India has become a launching pad for technology. India wants more and more devices in the world to run …

From rival to reluctant partner: India’s evolving stance on Chinese investment
3 months, 1 week ago

From rival to reluctant partner: India’s evolving stance on Chinese investment

The Hindu  

India's push to become a factory titan has hit a snag: to become a credible alternative to China for global firms, it first needs to warm up to its long-time rival. "There is a realisation that you cannot be part of any major supply chains, especially in high technology products and certain areas like solar cells, EVs, where it is …

iPhone 16 to be cheaper? Apple training workers to produce models in India
4 months ago

iPhone 16 to be cheaper? Apple training workers to produce models in India

Hindustan Times  

Apple has begun training thousands of workers at its Tamil Nadu factory to produce iPhone 16 Pro and Pro Max, Bloomberg News reported citing people in the know. The company plans to assemble its premium Pro and Pro Max models of the upcoming iPhone 16 series in India for the first time through partner Foxconn. The 'new product introduction' process …

Apple fastest growing firm in India over the last 50 years, ​contributes 14 per cent to tech giant’s total production
4 months, 1 week ago

Apple fastest growing firm in India over the last 50 years, ​contributes 14 per cent to tech giant’s total production

Firstpost  

India’s role in Apple’s global production has grown substantially. This growth not only highlights Apple’s expanding influence in India but also marks it as the largest global value chain operating within the country, surpassing other multinational corporations. According to a recent Economic Survey, India now contributes approximately 14 per cent to Apple’s total production, a sharp increase from the 7 …

'Made in India' telecom equipment now being exported to over 100 countries: Centre
4 months, 3 weeks ago

'Made in India' telecom equipment now being exported to over 100 countries: Centre

India TV News  

The Indian government has stated that telecom equipment designed and manufactured in India are now being exported to over 100 countries. Madhu Arora, Member of the Digital Communications Commission, Department of Telecom, mentioned that many Indian telecom companies have achieved success in Western nations, including the US, despite tough global competition. Madhu Arora emphasised that Information and communications technology plays …

India To See Local Manufacturing Of iPhone 16 Pro Models As Apple Shifts Production
4 months, 3 weeks ago

India To See Local Manufacturing Of iPhone 16 Pro Models As Apple Shifts Production

News 18  

Apple Inc. will be manufacturing Pro and Pro Max of its upcoming iPhone 16 series in India for the first time in collaboration with its partner, Foxconn. As per the report of CNBC, Foxconn will soon start the ‘new product introduction’ process for the pro models of iPhone 16 and will enter the mass production stage once the phone is …

iPhone 16 Pro models set to manufacture in India, to arrive shortly after their global launch – India TV
4 months, 4 weeks ago

iPhone 16 Pro models set to manufacture in India, to arrive shortly after their global launch – India TV

India TV News  

Apple is planning to introduce its 'Make in India' iPhone 16 Pro and 16 Pro Max models in India shortly after their global launch this fall. The iPhone 16 will also be available on the first day of global sales in India, just like the previous year when the iPhone 15 debuted in the domestic market on the global sale …

HMD to double mobile phone exports from India, make it global hub, COO says
4 months, 4 weeks ago

HMD to double mobile phone exports from India, make it global hub, COO says

Live Mint  

New Delhi: Human Mobile Devices, or HMD, makers of Nokia-branded mobile phones, aims to double exports of these devices from India over the next year to 4 million units and boost local production by more than a third, its chief operating officer Alain Lejeune said on Thursday. Exploring Nokia HMD is currently exporting Nokia brand of featurephones and smartphones to …

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
5 months ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu  

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster
5 months, 2 weeks ago

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster

India TV News  

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive scheme, by creating more than 17,800 direct jobs and many more indirect jobs. The statement was stated by the government on Wednesday, where it stated that within three years of the telecom PLI scheme, it has attracted an investment of Rs 3,400 crore. Furthermore, telecom equipment …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

Apple exports iPhones worth over Rs 16,500 crore in April-May from India
6 months, 1 week ago

Apple exports iPhones worth over Rs 16,500 crore in April-May from India

India TV News  

Apple has reportedly achieved a significant milestone of exporting the ‘made in India’ iPhones which was worth more than Rs 16,500 crore in the first 2 months of the ongoing financial year. FY24 success and record production Apple has concluded FY24 with a substantial iPhone production value of around USD 14 billion in India. Strengthening domestic manufacturing Highlighting India’s growing …

Here's what Tim Cook said after seeing Apple's growth in March quater in India
7 months, 3 weeks ago

Here's what Tim Cook said after seeing Apple's growth in March quater in India

India TV News  

During an analyst call announcing its fiscal 2024 second quarter results with revenue of $90.8 billion, Apple's CEO, Tim Cook, shared that the company experienced strong double-digit growth in India in the March quarter. Cook said that the company is continuing to expand its channels and also working on the developer ecosystem in India as well. Cook said that the …

Tata developing high-tech machines to manufacture iPhone casing?
7 months, 4 weeks ago

Tata developing high-tech machines to manufacture iPhone casing?

Hindustan Times  

Tata Electronics has tied up with two Indian manufacturers in Pune and Bengaluru to develop capabilities to work on developing very sophisticated and complex high-precision machines used to produce the casing of the iPhone, Economic Times reported. The action is anticipated to provide the government's $300 billion electronics export goal by 2025 with a significant boost. These machines are just …

Apple Stores in India emerge as global high performers as sales fly: Report
8 months ago

Apple Stores in India emerge as global high performers as sales fly: Report

Hindustan Times  

Apple has been raising its game in India ever since it faced a host of negative issues in its top manufacturing base, which is China, during the Covid-19 pandemic. While that is the case regarding the manufacturing arena, Apple has gone ahead and even opened physical stores in India last year - two of them actually, and that too in …

Hiring now! Apple may create 500,000 jobs in India
8 months ago

Hiring now! Apple may create 500,000 jobs in India

Hindustan Times  

Apple has been trying to diversify its manufacturing base away from China after facing huge difficulties during the Covid-19 pandemic when the production of iPhone and other gadgets came under intense pressure. It has been reported that Apple, via its vendors, may create over 500,000 jobs in India over the next three years, news agency PTI reported quoting government sources. …

Apple set to scale up production India, employ 5 lakh people in next 3 years
8 months ago

Apple set to scale up production India, employ 5 lakh people in next 3 years

Live Mint  

iPhone maker Apple is set to scale up its production in India through vendors and is expected to employ around 5 lakh employees from the country in the next three years, the sources from the government revealed on Sunday. The fresh plans around hiring will be a significant boost from the current level of 1.5 lakh Apple employees in India, …

Apple to assemble iPhone camera module in India, cutting dependence on China
8 months, 1 week ago

Apple to assemble iPhone camera module in India, cutting dependence on China

India TV News  

Apple, a producer of iPhones, iPads, MacBooks and more has continued to minimise its dependence on China. As per the recent report, the iPhone maker is set to increase its investments in the Indian market and is reportedly in advanced talks with Murugappa Group and Tata Group's Titan Company which will be assembling sub-components for the iPhone camera modules- giving …

Apple shows the way for electronics exports
8 months, 1 week ago

Apple shows the way for electronics exports

Hindustan Times  

At $10 billion in FY24, exports of India-assembled iPhones have doubled from the previous fiscal. While the iPhone instance is evidence of policies such as the PLI for smartphones working, India must do more to convince the world that it has the makings of a preferred China+1 destination for electronics exports. At present, the world may seem more inclined towards …

Apple to move half of its supply chain from China to India, employ 5 lakh people in 3 years
8 months, 1 week ago

Apple to move half of its supply chain from China to India, employ 5 lakh people in 3 years

Firstpost  

Apple and its ecosystem has directly created 1,50,000 jobs in India and an additional 3,00,000 jobs when we consider indirect jobs. As Apple plans to move half of its supply chain to India from China, Apple plans to create 5,00,000 direct jobs Apple, who have already created 1,50,00 direct jobs through its ecosystem, plans to employ about 5,00,000 people in …

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion
8 months, 2 weeks ago

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion

Hindustan Times  

Apple increased its iPhone production in India as the company assembled $14 billion worth of iPhones in fiscal 2024, Bloomberg reported. Foxconn and Pegatron, two major Taiwanese manufacturers, played a significant role in boosting Apple's production output in India. China is the largest iPhone-making hub in the world but Apple is ramping up iPhone production in India as it strategically …

Apple Ecosystem Generated More Than 1.5 Lakh Jobs, Under PLI, Since 2021, In India: Report
8 months, 3 weeks ago

Apple Ecosystem Generated More Than 1.5 Lakh Jobs, Under PLI, Since 2021, In India: Report

ABP News  

Since the introduction of the government's production-linked incentive scheme for smartphones in August 2021, the Apple ecosystem has directly provided employment to more than 150,000 individuals, said a new report by The Economic Times on Monday. Moreover, the rapidly expanding Apple supplier ecosystem has led to the creation of over 70,000 new direct jobs. This comes days after Union Minister …

GoI to review laptop imports and manufacturing in September, check brands' efforts for making in India
9 months ago

GoI to review laptop imports and manufacturing in September, check brands' efforts for making in India

Firstpost  

The Indian government is planning stock of the laptop import and manufacturing situation in India. This comes on a year after the Union government first imposed curbs on importing laptops and then relaxed the curbs, saying that manufacturers are urged to make in India The Government of India is planning to conduct a comprehensive review of the laptop and other …

How China Could Swamp India’s Chip Ambitions
9 months, 1 week ago

How China Could Swamp India’s Chip Ambitions

Live Mint  

When India’s largest conglomerate, Tata Group, broke ground on a $11 billion semiconductor factory this week, Prime Minister Narendra Modi said the country was poised to become a world leader in the sector. View Full Image China’s aggressive expansion comes at a time when the market for legacy chips is already well supplied. But India would struggle to shower such …

Unparalleled success story unfolds in mobile phone manufacturing in India
9 months, 2 weeks ago

Unparalleled success story unfolds in mobile phone manufacturing in India

India TV News  

The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector. According to the industry body, India Cellular & Electronics Association, mobile phone production, in value terms has surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold …

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know
9 months, 2 weeks ago

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know

News 18  

India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year — a whopping 7,500 per cent increase in exports over a decade — top electronics industry body India Cellular and Electronics Association said on Thursday. …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
9 months, 3 weeks ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

‘Domestic value addition in electronics manufacturing can reach 30% soon’
9 months, 3 weeks ago

‘Domestic value addition in electronics manufacturing can reach 30% soon’

Live Mint  

New Delhi: Domestic electronics manufacturing is likely to see a ramp up of local value addition, in terms of components being made locally—instead of only the final product being assembled here. “It’s important to understand that even China’s domestic value addition in manufacturing is around 45%, because even China imports nearly all of its semiconductors for mobile manufacturing. On Monday, …

Who is winning the smartphone exports race - Vietnam or India: Data
9 months, 4 weeks ago

Who is winning the smartphone exports race - Vietnam or India: Data

The Hindu  

In recent times, India has laid much emphasis on smartphone exports. It has also marginally improved its share to 1% in Hong Kong’s smartphone imports — the world’s second biggest importer — where India’s share is insignificant. However, in UAE and Germany — the world’s third and fifth biggest smartphone importers —Vietnam’s share in imports is decreasing and in both …

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar
10 months ago

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar

India TV News  

India is set to witness the establishment of two major semiconductor fabrication plants, each involving multi-billion dollar investments, alongside multiple chip assembly and packaging units, according to Minister of Electronics and IT Rajeev Chandrasekhar. Reflecting on India's semiconductor journey, Chandrasekhar highlighted the strides made since 2014, particularly after the launch of the semiconductor programme in January 2020. Chandrasekhar highlighted India's …

India fears losing out to China in smartphone exports race
10 months, 1 week ago

India fears losing out to China in smartphone exports race

The Hindu  

India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters. But lawmakers and lobby groups for Apple and other firms argue India’s high tariffs are a deterrent for companies de-risking …

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