Lower tariffs and duties, components PLI to attract global value chains to India: ICEA

NEW DELHI: India should rationalise duties on mobile phones and sub-assemblies, reduce input tariffs, and release a production-linked incentive (PLI) scheme for building a components ecosystem to attract global value chains (GVCs) to the country, scale up electronics production and exports in the next five years, and compete effectively with advanced nations like China and Vietnam, an industry association has recommended.

These recommendations for Union Budget 2024-25, released by the India Cellular and Electronics Association (ICEA) on Tuesday, are based on a seven-country study on input tariffs on smartphones analysing the impact of high tariffs on India’s mobile phone manufacturing and export competitiveness.