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India has reduced its import duty on selected smartphone components, while new research says in 2023, Apple sold more iPhone in the country than ever.
Mumbai, India
Mumbai, India
India has become of increasing importance to Apple as it aims to cut its dependence on China for manufacturing. It’s also long been a producer of the iPhone for sale in India itself, because of import costs.
According to Reuters, India’s finance ministry has announced a cut in those import duty fees for a number of components now used in the local manufacture of smartphones. The cut is from 15% to 10% and, amongst others, applies to battery covers, camera lenses, and the GSM antenna.
Go Here to Read this Fast! Apple hits India sales record as country cuts import duty
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Apple hits India sales record as country cuts import duty
