The government on Tuesday rationalised import duties on some parts that are crucial for mobile phone manufacturing - including mechanics and display assembly - to 10%, complying with the demands of the industry that have been asking for such rationalisation to increase cost competitiveness.
In a notification on January 30, the Centre reduced import duty for components including battery enclosures, primary lenses, rear covers, and various mechanical components made from a combination of plastic and metal and SIM sockets.
The Indian government has reduced import duty on smartphone parts, aiming to strengthen the 'Made in India' campaign. This move benefits major players like Apple and Xiaomi and makes India more competitive in the global mobile phone market.
India Business News: The Indian government has reduced import duties on key spare parts for mobile phones to boost domestic manufacturing and exports. The cuts, including