India removes import taxes on smartphone parts to benefit Apple and Xiaomi, boosting domestic manufacturing

From Investing.com: 2025-02-01 03:00:57

India has removed import taxes on certain smartphone components, a move expected to benefit companies like Apple and Xiaomi. The decision is aimed at boosting domestic manufacturing and making India a global hub for electronics production. The tax exemption covers components such as printed circuit boards, camera modules, and connectors.



Read more at Investing.com: India axes import tax on some smartphone parts in boost to Apple, Xiaomi