India has had a decent start so far. It became a net exporter of mobile phones in 2020 after introducing hefty import taxes, which forced handset makers including China’s Xiaomi (1810.HK), opens new tab to move production to the country. As a result, and following a long push to force companies to Make-in-India, local value addition, or the share of locally-sourced components, jumped, opens new tab to 17% from just 6% between 2016 and 2018, according Counterpoint research…Read More