Welcome To Androidlic Forum...Great Place To Connect, Interact & Learn With Android Lovers !


Author Topic: Samsung ,Apple seek tax breaks that'll help grow Indian smartphone production  (Read 13122 times)

0 Members and 1 Guest are viewing this topic.

droid

  • Full Member
  • ***
  • Posts: 198
    • View Profile


It emerged earlier this month that Apple had plans in place for Foxconn to start manufacturing its latest iPhones in India sometime in the near future. Likewise, Samsung continues to focus heavily on its Indian manufacturing facilities. But before putting any further plans into action, it seems the two are seeking some incentives.

Through the Indian Cellular and Electronics Association (which also includes members such as HTC, Motorola, Sony and LG), both Apple and Samsung are requesting a number of tax breaks for exports that’ll make manufacturing in India equally as attractive as China. The association is arguing that without further incentives, manufacturing growth in the region will become unsustainable in the future.

As things stand, Samsung’s smartphone manufacturing facility in India is the largest in the world and focuses primarily on the production of low-end and mid-range devices. The facility is also expected to handle production of the budget Galaxy M series which is just around the corner and will target Indian consumers directly.

Sales of these devices are expected to bring a big boost to Samsung’s smartphone business which has been in decline for the past year. However, this increased number of sales comes with slimmer profit margins, hence the need for export further incentives.

Likewise, iPhone manufacturing in India will allow Apple to avoid a number of tariffs that its devices are currently subjected to – which will subsequently allow it to lower prices in the region. But with the US government threating tariffs or either 10% or 25% on iPhone imports from China, India could soon become an extremely important manufacturing base for the company, something that makes the tax breaks even more important.


 

 

Chinese phone users are trading their Samsung S10 to buy the OnePlus 7 Pro

Started by gurutek

Replies: 0
Views: 11888
Last post May 20, 2019, 06:10:32 AM
by gurutek
zero-day vulnerability affected Pixel, Samsung, LG, Xiaomi and other Android pho

Started by droid

Replies: 0
Views: 12250
Last post October 07, 2019, 10:35:06 AM
by droid
Samsung adds auto brightness for its phones

Started by appmonstars

Replies: 0
Views: 6781
Last post November 19, 2018, 06:26:07 AM
by appmonstars
Samsung closes up China factory

Started by droid

Replies: 0
Views: 6704
Last post December 12, 2018, 02:15:39 PM
by droid
First smartphone to launch with a 108MP camera is "coming soon"

Started by gurutek

Replies: 0
Views: 13180
Last post August 09, 2019, 06:30:36 AM
by gurutek