India cuts mobile phone component import duty from 15% to 10% to boost local production and exports, benefiting major players like Apple and Xiaomi.

The Indian Ministry of Finance announced that the import duty on various components for mobile phone manufacturing has been reduced from 15% to 10%. Affected parts include battery covers, main lenses, back covers, GSM antennas, and other plastic and metal mechanical items. This decision is expected to benefit major mobile phone manufacturers and boost the local manufacturing industry in India.

January 31, 2024
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