India set for electronics boost amid Trump's tariffs on Chinese imports
India’s electronics industry is set to benefit from the US imposing a 10% tariff on Chinese imports, but experts stress the need for proactive policies and trade agreements for sustained growth
- Tariff Impact: Includes smartphones, laptops, and other electronics, benefiting brands like Apple and Motorola that export from India.
- Industry Growth: Dixon Technologies' chairman, Sunil Vachani, highlights India’s competitive edge in high-value manufacturing but calls for better infrastructure and regulatory reforms.
- Rising Exports: India’s mobile exports hit $20.4B in 2024, with Apple leading (65%) and Samsung following (20%). Apple plans to manufacture 25% of its iPhones in India within 2-3 years.
- Policy Boost: Union Budget 2025 removes import duties on key mobile components to enhance manufacturing and reduce reliance on imports.
With growing investments from Apple, Foxconn, Tata Electronics, and Dixon Technologies, India is emerging as a strong alternative to China and Mexico for electronics manufacturing.
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