Handset makers may invest $900 million for more local inputs – Feedback

India could see investments of up to $900 million in the next two years from leading handset makers and global contract manufacturers that are seeking to increase the local content in their instruments by assembling printed circuit boards (PCBs) in the country.

Industry insiders say that Chinese handset makers such as Vivo, Oppo and OnePlus, besides Indian phone players including Micromax and Lava, have earmarked higher investments in their domestic operations to avoid any levy on the imports of PCBs, which make up 50% of the cost of manufacturing a mobile phone, and other components. Further investments are also planned by contract manufacturers such as Foxconn and Dixon.

https://economictimes.indiatimes.com/tech/hardware/handset-makers-may-invest-rs-6000-crore-for-more-local-inputs/articleshow/62992495.cms

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