CAT 
Mumbai, India
At least one reason that Apple even began producing iPhones in India was because locally-made devices have avoided the country’s 20% import tax. In recent years, iPhone manufacturing in India has increased radically, with the region specifically benefitting from Apple’s moves to reduce its dependency on China.
According to Reuters, the Indian government has now announced that its import rate will be cut to 15%. Saying that it is in the “interest of consumers,” the government is reducing the import tax on smartphones, mobile phone chargers, and printed circuit board assembly (PCBA).
Go Here to Read this Fast! India makes it cheaper to import and manufacture iPhones
Originally appeared here:
India makes it cheaper to import and manufacture iPhones
