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Due to apple shifting manufacturing away from china. our india business co respondent nikhil inamdar has more. a couple major factors are driving this growth. one is the massive internal demand for phones as data becomes cheaper and disposable incomes rise. and second is a push by the indian government to increase manufacturing through schemes that are incentivising companies to produce domestically. india has also been hiking import duties on fully built mobile phones in order to promote more local manufacturing and value addition. now according to counterpoint research which has put out this report, nearly 2 billion made an india mobile phone units produced in the country between 2014 23 2014-22. all country between 2014 23 2014 22. all phones were made domestically compared to 20% of ....
Them back in 2014. a lot of this growth over recent years is of course being driven by the likes of apple, which has been betting big on india as it diversifies supply chains away from china. it s already tripled its production from india in the last year and may move a quarter of iphone production to the country by 2025, according to the wall street bankj.p. morgan. the shares of vietnamese electric car maker, vinfast, have soared in thin trading in their nasdaq debut. the stock opened at $22, more than double the $10 per share agreed with vinfast s spac partner black spade acquisition. it surged further during the session, ending at more than $37. the merger with the special purpose acquisition company gave vinfast a listing in the us market, where it s hoping to take on industry leader tesla with a $4 billion factory currently under construction in north carolina. ....
Options are. if it means moving to other countries in the region, nearshoring or to other countries in the region, near shoring or moving back to their own country, it s just the risk that comes from the uncertainty. that s the thing that s a difficult pill to swallow. speaking of the challenges faced by international businesses with a presence in china, canada s corporate ethics watchdog is investigating ralf lauren over allegations that its operations in china benefited from the use of forced labour. the canadian ombudsperson for responsible enterprise said it had published an initial report after complaints were filed by a group of organisations against the polo shirts maker. china has denied allegations that uyghur minority inmates are being used as forced labour. well, china s economic misfortune is turning into an opportunity for some of its neighbours. a new report has revealed that india has just emerged as the second largest mobile producing nation in the world. and that s at ....