Boult set to cut supply chain dependence on China

New Delhi: Bootstrapped domestic wearables brand Boult expects dependence on the Chinese supply chain is set to decline sharply as component manufacturing picks up pace in India, with local value addition around 15% compared with zero in early 2022.

Boult cofounder Tarun Gupta told ET that this has been the trend since the Make-in-India initiative kicked off. To be sure, while some components such as batteries are sourced locally, most of the component supply chain is still in China.