OPPO plans to set up handset assembly unit in India by August '15

OPPO seems to be the first (within the handset makers) to set up its assembly in India. The company will focus on setting up a state of the art facility to manufacture smartphones for the Indian audience as well as key markets overseas. 

According to company spokesperson they will be coming here by around August 2015 to focus on the burgeoning domestic market. That is just 3 months away! 

Anti Dumping Duty Levied on USB Drives

Buy soon, the price of USB drives is heading north very soon. The Indian customs have imposed anti-dumping duty on quite a few products since the start of 2015, including USB flash drives that are Originating in OR Exported from China ($3.12/unit) and Taiwan ($3.06/unit). This duty, for now, is levied for a period of Five years.

The designated authority in its final findings, concluded that:

1. The subject goods has been exported to India from subject countries below its normal value, thus resulting in dumping of the product
2. The domestic industry has suffered material injury due to dumping of the subject goods
3. The material injury has been caused by the dumped imports of the subject goods originating in or exported from the subject countries