India’s customs duty change to dial up local phone production: CBDT official

NEW DELHI: India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc, a tax official told Reuters on Friday.

Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government’s key scheme to offer incentives to local manufacturers.

Read more

You may also like

More in Newspapers

Comments are closed.