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The Global Trade Research Initiative (GTRI) advised against reducing import duties on electronic components for smartphones in the upcoming budget, emphasizing that the current tariff structure supports local manufacturing. The report contradicts the India Cellular and Electronics Association's demand for duty cuts to boost domestic production.
The government's faster electronics testing decision will allow original equipment manufacturers (OEMs) to choose the most suitable testing method for their products, thereby expediting the market launch of their electronic items, the India ...
The government’s faster electronics testing decision will allow original equipment manufacturers
India's electronics exports experienced a remarkable growth of 22.24%, surpassing the $20 billion mark in the first nine months of FY24. The surge was driven by the booming smartphone shipments, notably Apple's iPhone. According to the India Cellular and Electronics Association (ICEA), mobile phone exports reached $10.5 billion during April to December 2023, constituting 52% of total electronics exports.
The IT hardware sector in India is still in a nascent stage and a key factor will be to make global giants like Dell, HP, ASUS, Lenovo, and Acer feel safe to make the country their manufacturing hub, leading industry experts said here on ...