Source: Business Insider
India is the second-largest market for smartphones in the world, and its continuing growth, as well as steps taken by the government and regulators, are causing leaders in the smartphone space to change their practices to meet its demands. While the introduction of 5G networks has been the dominant driver of change in a number of markets — the US, China, and South Korea chief among them — India is still a ways away from launching 5G. And differences in network timeline, regulatory framework, and consumer demand are driving new investments and expanded product lineups. Here are a couple of key announcements that illustrate the Indian market’s impact on the wider smartphone space: Samsung will invest $500 million to open a new display manufacturing plant near New Delhi, according to TechCrunch . The plant will allow the South Korea-based technology giant to build parts for smartphones and other screen-equipped devices for sale in India as well as for export. India imposes 20% import duties on technology devices, including smartphones and networking equipment, which is why companies across the space — including Apple, Foxconn, Huawei, and Ericsson — have shifted some of their production to the country to bypass those tariffs.