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Test Research, Inc. (TRI) will feature Innovative Inspection Solutions, SPI, AOI, AXI, and ICT solutions at a series of technology seminars and product demos held in Taiwan, Shenzhen, and Suzhou.
The GTRI report also said that India's smartphone industry, with exports booming from $ 7.2 billion in 2022 to $13.9 billion in 2023, becomes the top performer for the PLI (production linked incentive) scheme by a wide margin and over 98 per cent of smartphones sold in India are made locally.
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.
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Global Trade Research Initiative: The ministry is also looking at improving mutual recognition agreements (MRAs) with different countries so that product standards are as per the requirements of the importing countries.