India sweetens the deal for global electronics manufacturers

India’s electronics ambitions are entering a new phase. Having emerged as one of the world’s largest smartphone manufacturing hubs, India is now shifting its focus towards strengthening the electronics value chain through greater domestic production of components and capital equipment.

To that end, the Centre has expanded customs duty concessions on a range of machinery and components used in electronics manufacturing—including lithium-ion batteries, display modules and smartphone components—until March 31, 2029.