Government has 'good news' for Xiaomi, Samsung and other brands as import duties cut some smartphone and electronic components
Import duties on smartphone and electronics components have been removed by the government. This exemption will remain in effect until March 31, 2029, reducing input costs. The move supports domestic electronics production and expands local manufacturing capacity significantly. It also simplifies customs for machinery used in lithium-ion battery manufacturing. India aims to boost its electronics sector to $500 billion by fiscal year 2030.
Import duties on smartphone and electronics components have been removed by the government. This exemption will remain in effect until March 31, 2029, reducing input costs. The move supports domestic electronics production and expands local manufacturing capacity significantly. It also simplifies customs for machinery used in lithium-ion battery manufacturing. India aims to boost its electronics sector to $500 billion by fiscal year 2030.
