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,...
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...
Global Chip Makers to Invest in India’s Semiconductor Sector
Malvern, Pennsylvania-based Silicon Power Group, will invest $121 million to set up a facility in India's Odisha state. The company proposes to manufacture 5.9" silicon carbide, a component that goes into chips used in electric cars and other industrial power and energy applications. The investment will be made by the group's...
Apple to Shift Production of More Products to India
Apple plans to shift more iPhone production away from China to India. The company is now reportedly looking to also move the production of some iPads to India to keep its supply chain healthy amid Covid-related disruptions. Citing sources, CNBC reported that Apple has "talked to Indian officials about locating...
Apple Makes iPhone 14 in India
As geopolitical tensions between China and the U.S. increase, Apple has started manufacturing the iPhone 14 in India about two months after its release in China. The move will help reduce the gap between the release date and its availability in India. Typically, Apple devices are launched in India six...