After mobile phone devices, phased manufacturing push for AC makers
4 years, 7 months ago

After mobile phone devices, phased manufacturing push for AC makers

Business Standard  

After mobile phone devices, phased manufacturing push for AC makers Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs. Premium Like the previous scheme, the new PMP to promote indigenous manufacturing of AC units and its parts and sub-parts will provide incentive support to manufacturers. Arnab Dutta New Delhi Phased manufacturing programme — mostly associated with mobile phone devices — is set to be an integral part of the air-conditioning universe as well. Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.

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Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI
1 week, 1 day ago

Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI

Live Mint  

New Delhi, Jan 7 Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. Highlighting six key risks of reducing tariffs, he said any reduction would harm India's developing component ecosystem, …

Union Budget 2021: Govt Removes Mobile Manufacturing Exemptions, 'Some Parts' to Face 2.5% Duty
3 years, 11 months ago

Union Budget 2021: Govt Removes Mobile Manufacturing Exemptions, 'Some Parts' to Face 2.5% Duty

News 18  

Domestic manufacturing of electronics have grown exponentially, and India is now even exporting mobile phones and chargers to other markets, said Finance Minister Nirmala Sitharaman at her Union Budget 2021 speech earlier today. In conjunction, Sitharaman announced that as the government targets greater “domestic value addition”, “some parts” of the mobile manufacturing process will be imposed with a 2.5 percent …

Government working to make India as global manufacturing hub: Niti Aayog CEO
4 years, 3 months ago

Government working to make India as global manufacturing hub: Niti Aayog CEO

Live Mint  

The government has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports, Niti Aayog CEO Amitabh Kant said on Tuesday. "The Government of India has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports.Aatmanirbhar Bharat does not mean …

Mobiles Phones to Get Costlier As Govt Announces 10% Import Duty on Display Panels
4 years, 3 months ago

Mobiles Phones to Get Costlier As Govt Announces 10% Import Duty on Display Panels

News 18  

Mobile phones are about to get more expensive in India as the government has imposed a 10 percent import duty on display and touch panels. The Indian Cellular and Electronics Association said that the direct impact on mobile phone prices will be a 1.5 percent to 3 percent hike. Currently, only four companies including Holitech and TCL make display panels …

Govt to offer production linked incentives to boost manufacturing
4 years, 5 months ago

Govt to offer production linked incentives to boost manufacturing

India Today  

India is working on offering production linked incentives for up to five sectors to boost domestic manufacturing, a top finance ministry official said on Thursday, bolstering efforts to attract new investments in the coronavirus-stricken economy. The government earlier announced production linked incentives for large scale electronic goods makers for five years, to attract investments in mobile phone manufacturing and electronic …

Industry seeks 6% production linked incentive for electronics manufacturing
4 years, 8 months ago

Industry seeks 6% production linked incentive for electronics manufacturing

Live Mint  

NEW DELHI: The Manufacturers Association of Information Technology has sought a 6% production linked incentive for all electronics categories to “attract the migrating ships of manufacturing leaving China to India’s shores”. The body asked for the electronics sector to be categorised as a priority sector, with a “Central National Policy, including land clearances, labour laws, taxation, licenses, incentives” to be …

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