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,...
India, World’s 2nd-Biggest Mobile Phone Manufacturer
India is now the second-biggest manufacturing hub for mobile phones due to heavy investment from original equipment manufacturers, original design manufacturers and companies dealing in components and parts. According to Counterpoint Research, India is expected to export about 22 percent of its total assembled mobile phones in 2023. "China’s manufacturing...
India to Be #1 Wearables Market in 2023
India is on its way to becoming the world’s largest market for wearables by the end of 2023, likely to fuel global demand for smartwatches and earphones. While North America and China are showing signs of saturation amid macroeconomic headwinds, India continues to flourish. Of the total 504 million units...
Indian Company Pushes to Manufacture Semiconductors
At a time when the U.S. and EU are aiming to increase their chip manufacturing industries, India is also making strides toward becoming a serious player in advanced manufacturing. With Mumbai-headquartered Vedanta Group signing pacts with a number of Japanese technology companies to develop an Indian semiconductor and glass display...
Reliance Jio Sells 60 Million Smart Feature Phones in India
In India, first-time internet consumers are connecting to the web on gadgets that only cost about $20. These inexpensive smart feature phones have physical keypads that are easier to adapt to, than touch screens for those new to mobile phone technology. They provide some basic apps and internet access in...
Foxconn to Start Trial Production of Latest iPhones in India
Taiwan-based Foxconn Technology Group will start trial production of iPhone X range devices in its factory on the outskirts of India's southern city of Chennai. Production of its phones in India will allow Apple to avoid import duties of 20 percent and also meet the 30 percent local sourcing rule...