Apple, Samsung lead India’s smartphones export plan for $100 billion null

An Indian government panel has cleared applications from iPhone contract makers Foxconn, Pegatron and Wistron, along with Samsung, Karbonn, Lava and Dixon to export mobile phones worth around $100 billion (Rs 7.3 lakh crore) from India. Now these applications will be taken up by the Cabinet of Ministers for a formal approval. 

The application has been okayed by the ‘Empowered Committee’, which consists of Niti Aayog CEO, the secretaries of economic affairs, expenditure, revenue, the Ministry of Electronics and Information Technology (MeitY), Department for Promotion of Industry and Internal Trade (DPIIT) and Directorate General of Foreign Trade (DGFT).