India Could See Increase in Manufacturing of iPhones, Other Premium Phones After Tax Cuts on Imported Parts

India Could See Increase in Manufacturing of iPhones, Other Premium Phones After Tax Cuts on Imported Parts

India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple, a tax official told Reuters on Friday. Indian mobile phone exports nearly doubled year-on-year to $5 billion (roughly Rs. 40,960 crore)…