India is facing a significant challenge in its ambition to become a major smartphone export hub, with concerns that it may lose out to China and Vietnam. The deputy IT minister and the Indian IT ministry have expressed fears that high import tariffs may deter top global smartphone manufacturers from setting up operations in the country. Government documents revealed by Reuters highlight these internal worries, emphasizing the need for India to 'act fast' to attract these companies by potentially lowering tariffs.
India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must ‘act fast’ to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by @Reuters https://t.co/k7cuDZjGbK
India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must ‘act fast’ to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by @Reuters. More here: https://t.co/mkQbn7Cyi1
As tensions between the US and China over technology and national security have grown, so has the pressure on the US to diversify. The US wants Vietnam to be its new tech best friend, but decoupling from a chipmaking giant like China won’t be easy. https://t.co/OK7zq0TMwM
#FPTech: #India must act fast to lure global #smartphone manufacturers or risk losing out to #China, #Vietnam https://t.co/W7iO6oBQDn
Exclusive: India IT ministry fears losing out to China, Vietnam in smartphone exports race https://t.co/1BVzXc598m https://t.co/k53ALYuH7d
#SCOOP: India is spooked by the rise of Vietnam in smartphone exports business. India's IT ministry thinks high import tariffs are scaring away top companies. Govt documents seen by Reuters shed light on India's internal worries in a global race with China, Mexico, Vietnam🧵 https://t.co/2AAXpIYFGV