India removes import duty on some electronics, smartphone parts

By Nikunj ‌Ohri

NEW DELHI, ​July ​9 (Reuters) - India has scrapped import duties on some parts used ‌to make mobile phones and other ⁠electronic devices, removing the current 7.5% and ‌5% levies, in a ‌move that could help companies like Apple and Xiaomi.

Here are more details:

• ​Items include key parts for producing wireless charging modules for ⁠mobile phones, displays for medical devices and automobiles, and ​lithium-ion cells.

• The exemption will be valid until March 31, 2029.

• "This ​should boost cost competitiveness, ‌domestic value addition and localisation of high-value smartphone and electronics ⁠manufacturing," said Manoj Mishra, a partner at business consultancy Grant Thornton Bharat.

• ⁠Exemption for lithium-ion cell manufacturing may spur investment ​in domestic battery production for electronics and electric mobility, Mishra said.

• India aims to expand ‌electronics manufacturing to $500 billion by fiscal year 2030.

• Smartphone production ‌in India rose 28-fold over ⁠the last decade ‌to 5.45 trillion ​rupees ($57 billion) in 2024/25.

(Reporting by Nikunj Ohri; Editing by Alexandra ‌Hudson)

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