"Dream, Dream, Dream! Conduct these dreams into thoughts, and then transform them into action."
- Dr. A. P. J. Abdul Kalam
The 12% import duty imposed on Smartphones is turning out to be a boon for Indian contract manufacturers. Chinese and Korean Smartphone companies are looking at India as a possible manufacturing hub, to save themselves from the high taxation. The growing Smartphone market in India is another reason why these companies want to shift their manufacturing base to India. In fact, Taiwan's Wistron is already in a joint venture with Delhi-based Optiemus Infracom. Together they have the capacity to produce close to 8 million units annually and their JV has bagged manufacturing deals from big Smartphone companies like LG, OnePlus, HTC and Oppo .
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