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India's Domestic Smartphone Production on the Rise as 14 Chinese Apple Suppliers Get Clearance

Source: news18.com news18.com
News Snapshot:

In an effort to boost local smartphone production, the Indian government, according to a Bloomberg report, has given initial clearance to up to 14 Chinese-based suppliers to Apple. The firms, which include Luxshare Precision and Sunny Opotech, a branch of lensmaker Sunny Optical Technology, received this clearance as a first step toward receiving full authorization to operate in India. It should be highlighted, though, that in order to move forward, these suppliers will still need to find a partner for an Indian joint venture. According to Luke Lin, an expert from DigiTimes, in the South China Morning Post, predicts—by 2027,…

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