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Union Budget 2022: ‘Wide spread feeling of disappointment’ over duty hikes on electronic components, says industry body
February 2, 2021
The import duty hikes on several electronic components crucial to manufacturing mobile phones and their accessories proposed in the Union Budget have caused a “wide spread feeling of disappointment,” the industry body India Cellular & Electronics Association wrote in a letter to the IT Ministry. In fact, in some cases such as mechanics, this could be a “big setback and can collapse the developing mechanics industry vertical,” the association said.
The ICEA is an association of electronics companies and smartphone manufacturers and counts Apple, Oppo, Foxconn, and 3M, among others, as its members.