India has made iPhone manufacturing more attractive by eliminating import duties on key smartphone components, lowering costs for companies assembling devices in the country.
Tim Cook in a previous visit to India — image credit: Apple
Tim Cook in a previous visit to India — image credit: Apple
India on July 9 removed import duties of 5% to 7.5% on several components used to manufacture smartphones and other electronics. Covered parts include wireless charging modules and lithium-ion cells.
Reuters reported that the exemptions remain in effect through March 31, 2029. The policy could benefit companies including Apple, whose manufacturing partners have steadily expanded iPhone production in India as the company diversifies its global supply chain.