“Apple and Samsung pivot production to India amid US tariff hikes, boosting competitiveness and iPhone shipments.”

Apple and Samsung, two tech giants, are strategically relocating their manufacturing operations to India in response to the escalating trade tensions between the US and China and Vietnam. The primary reason behind this shift is to navigate the higher tariffs imposed on imports from these countries and maintain their competitiveness in the crucial US market. Apple has been leveraging Indian factories for iPhone production to streamline its supply chain and mitigate the impact of tariffs. Similarly, Samsung is contemplating India as a temporary solution to sustain its export business while facing challenges in other markets. The decision to move production to India not only helps these companies in circumventing the trade barriers but also aligns with the Indian government’s ‘Make in India’ initiative, promoting local manufacturing and job creation. By establishing a stronger foothold in India, Apple and Samsung can also capitalize on the growing consumer market in the country, enhancing their global presence. This strategic realignment underscores the importance of diversifying supply chains and exploring new manufacturing hubs to adapt to the evolving global trade landscape. As Apple and Samsung continue to expand their operations in India, it signifies a significant shift in the dynamics of the technology industry and sets a precedent for other multinational corporations looking to mitigate risks associated with trade disputes.

In Trend

Congress occupies two Lutyen’s Delhi bungalows, violating policy as BJP and other parties have one each.

“Supreme Court of India issues notice to NRI woman over possible contempt in matrimonial dispute settlement”

Leave a Reply

Your email address will not be published. Required fields are marked *