Apple will partner with Bharti Airtel, India's second-largest telecom operator, to offer Apple TV+ and Apple Music for free to Airtel's premium customers. This strategic move gives Apple access to a vast pool of potential users in the world's most populous country, where it currently has a small presence in...
Apple Sets New Revenue Record in India
Apple announced its fiscal 2024 third-quarter results, ending June 29, reporting a quarterly revenue of $85.8 billion, a 5% year-over-year increase. CEO Tim Cook highlighted that the company achieved new revenue records in over two dozen countries, including India, Canada, Mexico, France, Germany, the UK, Indonesia, the Philippines, and Thailand....
India Cuts Import Duty on Mobile Phones
India has announced a reduction in import duty on mobile phones and key components from 20% to 15%, a move that will benefit smartphone manufacturers. This decision, presented by Finance Minister Nirmala Sitharaman in the Fiscal 2025 annual budget, aims to serve consumer interests by lowering taxes on mobile phones,...
NY Times: India Challenges China in Manufacturing
The New York Times discusses India's potential emergence as a significant manufacturing hub in the global marketplace, particularly as multinational companies seek to diversify their production beyond China. The shift is driven by geopolitical tensions, especially between the United States and China, and the need for more resilient global supply...
Electronics Manufacturing Booms in India
India's electronics manufacturing sector is experiencing a significant boom, with the value of electronics produced rising from $37 billion to $105 billion between 2016 and 2023. The government aims to increase this figure threefold by fiscal 2026. While India currently accounts for only 3% of global electronics production, its share...
Forbes Magazine Highlights India as Global Supply Chain Player
Forbes highlights India's emerging role as a significant global manufacturing hub and a promising destination for supply chain diversification. With the increasing geopolitical tensions and instability impacting global supply chains, many companies are exploring alternative regions to reduce risks and enhance flexibility in terms of costs and lead times. India...