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India’s Smartphone Manufacturing Muscle is Now Stronger Than Ever
- India's smartphone manufacturing industry has witnessed significant growth, fueled by government incentives and global demand.
- Apple has notably increased its iPhone production in India to mitigate potential tariffs, with one in five iPhones now being produced in the country.
- Samsung, another major player, has also benefited from India's manufacturing ecosystem, considering moving production from Vietnam to India.
- Google has started manufacturing Pixel phones in India and is exploring shifting more production from Vietnam.
- Other key players like Xiaomi, Oppo, OnePlus, Vivo, and Motorola have strong manufacturing capabilities in India.
- Contract manufacturers such as Tata Electronics and Foxconn have seen substantial revenue growth and incentives under the PLI schemes.
- Foxconn and Dixon Technologies are expected to receive additional subsidies under the PLI schemes, contributing to further industry growth.
- India's smartphone manufacturing landscape's trajectory remains promising, with the increasing demand for smartphones as essential devices.
- The demand for smartphones is set to rise further with the advancements in generative AI tools, emphasizing India's growing role in the global smartphone market.
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