Tuesday, June 24, 2025

India cuts tariffs to boost iPhone manufacturing, pip China

Wednesday, January 31, 2024, 12:53
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India is reducing import taxes on several mobile-device components to boost smartphone production, a boon for companies like Apple Inc. that are increasingly considering the country as a global manufacturing base.Prime Minister Narendra Modi’s government late Tuesday announced it was lowering tariffs on components including plastic and metal mechanical parts, SIM sockets and screws. An industry group welcomed the move as a step in the right direction.

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