INDIA BUDGET India axes import tax on some smartphone parts in boost to Apple, Xiaomi
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India has removed import duties on certain smartphone components, which is expected to boost local production efforts. This move benefits companies like Apple and Xiaomi.
February 01, 2025 | 8:15 am
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India's removal of import duties on smartphone components is likely to benefit Apple by reducing production costs and encouraging local manufacturing.
The removal of import duties on smartphone components in India will likely reduce production costs for Apple, encouraging more local manufacturing. This aligns with Apple's strategy to expand its presence in India, a key growth market.
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