India Cuts Import Duties on Smartphone Parts

• India eliminated import taxes on key mobile phone components, announced in the annual budget by Finance Minister Nirmala Sitharaman.
• The move supports domestic production and benefits companies like Apple and Xiaomi, with exemptions on items such as printed circuit board assemblies and USB cables.
• This policy aims to enhance India's global competitiveness, positioning it as a manufacturing hub against China and Vietnam.

Source: Tech in Asia