Reported about 10 hours ago
India has removed import duties on key smartphone components, as announced by Finance Minister Nirmala Sitharaman in the annual budget. This decision aims to enhance local production and benefit companies like Apple and Xiaomi, which have a significant presence in the Indian market. The move is part of India's strategy to strengthen its position as a major player in the global supply chain, particularly amidst ongoing U.S.-China trade tensions.
Source: YAHOO