Electronics manufacturer Flex has indicated “Make in India” tariffs have presented a significant growth opportunity for its Indian factories, though it has struggled to ramp up to meet demand. That comes despite a 4.1x surge in its local subsidiaries’ imports in the second quarter of 2018 vs. a year earlier. Flex’s sourcing is dominated by supplies from China (90.7% of the total) and centered around cellphone parts ($978 million imported in the 12 months to Jun. 30). Recent tariff reductions on 35 components used in phone manufacturing will help Flex, though that shouldn’t be overstated ...