Foxconn’s local printed circuit boards push to give Make in India a boost
Hardware Foxconn’s local printed circuit boards push to give Make in India a boost By Gulveen Aulakh , ET Bureau | Updated: Mar 31, 2018, 10:08 IST#2018-03-31T10:08:32+05:30 Foxconn’s move is a boost for Make in India. NEW DELHI: Foxconn’s India arm stepped up its local manufacturing efforts by starting the assembly of printed circuit boards (PCBs), which will likely benefit clients such as Chinese phone company Xiaomi and HMD Global , the makers of Nokia devices, as it will give them a price advantage over rivals that have to pay duty on imported PCBs, widely expected to be levied from April. PCBs make up about 50% of the cost of making a phone. South Korea’s Samsung is among the only major brand that assembles PCBs in India. “They ( Foxconn ) have begun assembling PCBs in India,” said a person with knowledge of the development. Foxconn’s move is a boost for Make in India . India had raised ...