FM Nirmala Sitharaman’s Budget 2025 ‘listens’ to IT ministry’s ‘warning’ on China and Vietnam; Samsung, Apple, Xiaomi’s ‘Make in India’ plans to get boost

Union Budget 2025 proposes the removal of import duties on several key mobile phone components. Finance Minister Nirmala Sitharaman announced in the Union Budget 2025 several measures aimed to bolster domestic production and government’s Make in India initiative. The announcement are likely to help the ‘make in India’ plans of three of the biggest smartphone brands in India — Samsung, Apple and Xiaomi.

India’s electronics manufacturing sector has witnessed significant growth, more than doubling in the past six years to reach $115 billion in 2024. This makes India the world’s second-largest mobile phone producer.