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Varanasi: City’s export-oriented carpet industry believes its sluggish growth can be attributed to a lack of strong advocacy for the sector’s needs wi.
Citizens Bank recently signed a participatory agreement with the Bangladesh Bank under the “Technology Development /Upgradation of Export Oriented Industries” refinance scheme at the BB headquarters in Motijheel.
The government announced a reduction in the import duty for components used in the manufacturing of mobile phones. The duty has been slashed from 15 percent to 10 percent, encompassing a range of crucial components such as battery covers, front covers, main lenses, back covers, and various other items integral to mobile phone production
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The GTRI report also said that India's smartphone industry, with exports booming from $ 7.2 billion in 2022 to $13.9 billion in 2023, becomes the top performer for the PLI (production linked incentive) scheme by a wide margin and over 98 per cent of smartphones sold in India are made locally.