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CHENNAI: Tamil Nadu is working to realise "at least 70%" of the MoUs that the state signed at the recent Global Investors Meet, state industries minis.
Award-winning CFI Gary Reeves continues to combine conventional aviation training with innovative thinking.
Industry data showed iPhones were the single largest contributor to the surge in both electronics and mobile exports this fiscal. iPhone exports, which crossed $7 billion in December 2023, constituted 35% of total electronics exports and a whopping 70% of the country's total mobile exports in the nine months ended December.
India's electronics exports experienced a remarkable growth of 22.24%, surpassing the $20 billion mark in the first nine months of FY24. The surge was driven by the booming smartphone shipments, notably Apple's iPhone. According to the India Cellular and Electronics Association (ICEA), mobile phone exports reached $10.5 billion during April to December 2023, constituting 52% of total electronics exports.
India Smartphone Market: The Global Trade Research Initiative (GTRI) advised against reducing import duties on electronic components for smartphones in the upcoming budget, emphasizing that the current tariff structure supports local manufacturing. The report contradicts the India Cellular and Electronics Association's demand for duty cuts to boost domestic production.