PLI: India s manufacturing sector has emerged as the main growth driver as the country continues to be a bright spot with an over 7 per cent GDP growth amid the global slowdown.
Optiemus Infracomm: The initial term of the agreement will be three years from the effective date. The company did not disclose the financials of the agreement.
The Ministry stated in the Gazette Notification that the import duty on parts such as battery cover, front cover, middle cover, main lens, back cover, GSM antenna, PU case, SIM socket, screw, other mechanical items of plastic and metal, as well as LCD foam and sticker-battery slot, among others, has been reduced to 10%, from the earlier 15%
According to Counterpoint's report, Apple (AAPL) secured the top position in the smartphone market revenue chart in India for the first time, overthrowing longtime leader Samsung (SMSN.
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.