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Tuesday, 22 January 2019

Samsung may stop flagship manufacturing in India in response to new tax

Samsung could cease producing flagship phones like the Galaxy S9 and Note9 in India, reduce local smartphone manufacturing and exports of smartphones, if the Indian government doesn't rethink its recent actions. India's Phased Manufacturing Programme (PMP) is the issue here. PMP aims to promote local manufacturing of components in India and was originally planned to take effect in March 2020. But the Indian government has decided to speed things up and now demands production of said components start by February of 2019 - next month - or it will impose a 10% duty tax (that could end up...



from GSMArena.com - Latest articles http://bit.ly/2R2R0bV
Author: via Bestsoftpro

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