Trust the source, not just the story
Channel NewsAsia
Channel NewsAsia
AsiaPac · 4 hrs ago
India removes import duty on some electronics, smartphone parts
NEW DELHI, July 9 : India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5 per cent and 5 per cent levies, in a move that could help companies like Apple and Xiaomi.Here are more details:• Items include key parts for producing wireless charging modules for mobile phones, displays for medical devices and automobiles, and lithium-ion cells.• The exemption will be valid until March 31, 2029. • "This should boost cost competitiveness, domestic value addition and localisation of high-value smartphone and electronics manufacturing," said Manoj Mishra, a partner at business consultancy Grant Thornton Bharat.• Exemption for lithium-ion cell manufacturing may spur investment in domestic battery production for electronics and
Channel NewsAsia
Do you trust Channel NewsAsia?
Sign in to rate
Discussion 0 comments
Sort:
?

No comments yet — be the first to start the discussion!