Apple has been working to reduce its manufacturing reliance on China, with India emerging as a potential alternative. Recent changes in India's import duties on mobile phone components could enhance local production capabilities for companies like Apple and Xiaomi. With India's electronics production significantly increasing to $115 billion by 2024, it has established itself as the second-largest mobile phone manufacturing country, although it still lags behind China. The move may help India leverage US-China trade tensions to further integrate into global supply chains.
India has removed import duties on key components for smartphone production, potentially boosting local manufacturing and making it more attractive for companies like Apple and Xiaomi.
India's electronics production has surged to $115 billion by 2024, doubling over the past six years, emphasizing its growing importance in the global supply chain.
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