Media: India’s reduction in component import taxes will increase iPhone production

2024-01-31 11:38:01

Navkendar Singh, an analyst at research firm IDC, said this would help bolster India’s aspirations to become the world’s factory, including attracting other manufacturers to set up local factories. India’s smartphone exports doubled in the fiscal year to March 2023 to about $11 billion, with Apple accounting for about $5 billion.