India removes import duty on some electronics, smartphone parts
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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.
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• "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 electric mobility, Mishra said.
• India aims to expand electronics manufacturing to $500 billion by fiscal year 2030.
• Smartphone production in India rose 28-fold over the last decade to 5.45 trillion rupees ($57 billion) in 2024/25.
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