Imports of completely boxed units of electronics such as smartphones slumped 40% during April-January FY24, commerce ministry data show. Market trackers said local manufacturing of electronics, especially smartphones, rose 5% on year in 2023, driven by the government's production-linked incentive (PLI) scheme, with more manufacturers procuring components that have a large impact on the bill of materials (BoM) from local producers. Read The Rest at :
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