Import Duty Cuts Make India Even More Attractive for iPhone Manufacturing
8 Articles
8 Articles
(Seoul = Yonhap News) Reporter Yoo Chang-yeop = Indian authorities have decided to temporarily exempt import tariffs on certain electronic product components, such as smartphone parts.
Import duty cuts make India even more attractive for iPhone manufacturing
India has made iPhone manufacturing more attractive by eliminating import duties on key smartphone components, lowering costs for companies assembling devices in the country.Tim Cook in a previous visit to India — image credit: AppleIndia on July 9 removed import duties of 5% to 7.5% on several components used to manufacture smartphones and other electronics. Covered parts include wireless charging modules and lithium-ion cells.Reuters reported …
Apple's Manufacturing in India Gets Boost From New Tariff Exemptions
Apple stands to gain from India's decision to eliminate import duties on a range of components used in smartphone manufacturing, in a move that could further lower costs for the company's rapidly growing India-based supply chain. According to a report from Reuters, the Indian government has done away with tariffs of 7.5% and 5% that had applied to inputs for wireless charging hardware, automotive and medical device screens, and lithium-ion battery cells.
India Scraps Import Duty on Electronics and EV Battery Inputs - India Seatrade News
The Indian government has removed import duties on a range of components used in the manufacture of smartphones, laptops and electric vehicle (EV) batteries, aiming to strengthen domestic manufacturing and improve the competitiveness of the country’s electronics industry. The duty exemption covers several critical inputs and is expected to lower production costs for manufacturers operating under the government’s ‘Make in India’ initiative. The m…
India Removes Import Duty on Smartphone Parts to Boost Electronics Manufacturing and Lower Production Costs
India has removed import duties on several components used in the manufacturing of smartphones and other electronic devices, a move aimed at strengthening domestic electronics production, reducing manufacturing costs, and attracting additional investments from global technology companies. The policy eliminates existing 7.5 percent and 5 percent import duties on selected components, benefiting manufacturers such as Apple, Xiaomi, Samsung and othe…
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