Smartphone Prices Will Reduce in India: Government Reduces Import Duty To 10%

Indian government reduces import duty on mobile parts, potentially leading to lower smartphone prices and boosting domestic manufacturing.

Indian Government Reduced Import Duty Of Smartphones

In a bid to bolster domestic manufacturing and support the ‘Make In India’ initiative, the Indian government has reduced import duties on key mobile phone parts. This move is expected to encourage smartphone brands to invest more in local production, potentially leading to lower smartphone prices for consumers.

Table of Contents

Reduction in Smartphone’s Import Duty

The import duty on crucial mobile phone components has been decreased from 15 percent to 10 percent. This includes various parts such as the battery cover, front cover, main lens, and more. Additionally, the import duty on inputs used to manufacture these components has been reduced to zero.

The reduction in import duties aligns with longstanding industry demands, particularly from the India Cellular and Electronics Association (ICEA), which had urged for lower tariffs on mobile phone components. Pankaj Mohindroo, Chairman of ICEA, hailed the government’s decision as a crucial step towards enhancing India’s competitiveness in electronics manufacturing.

Potential Growth in Smartphone Exports

According to ICEA projections, India has the potential to significantly increase mobile phone exports in the coming years, reaching up to $39 billion by FY25. This growth is expected to be fueled by reduced import tariffs on components, positioning India as a formidable competitor to top exporters like China and Vietnam.

The government’s move to lower import duties on mobile parts is poised to stimulate local manufacturing, drive export growth, and potentially translate into more affordable smartphones for Indian consumers.

Other than that, If you have any queries or feedback then comment below. Stay tuned by joining our Telegram Group or WhatsApp Group and you can also follow us on Google News for more updates about new Smartphone/Tablet Launches, Leaks & First Looks. Thanks for visiting, see you soon.

Web Stories

Leave a Comment

Realme 12 Pro+ 5G ⚡ Most Premium Camera Phone Under 30K ✨ Samsung Galaxy S24 Ultra ⚡ The King Of All Smartphones 👑👑 OnePlus 12R Indian Unit ⚡ Price, Specs, and First Look 👀 Motorola Moto G34 5G ⚡ Fastest Phone Under 10K ASUS ROG Phone 8 Pro – World’s Most Powerful Phone!! 🔥🔥🔥 OnePlus 12 Indian Variant ⚡ Features, Specs, and Price iQOO Neo 9 Pro ⚡ A True Game Changer Is Here 🤯🤯 OPPO Reno 11 Pro Indian Variant ⚡ The Pro-trait Master 📸 POCO X6 5G⚡IMPRESSIVE Phone Under 20K 🤯🤯 Tecno POP 8 ⚡ Features Popping Phone @ Rs 5,999
Realme 12 Pro+ 5G ⚡ Most Premium Camera Phone Under 30K ✨ Samsung Galaxy S24 Ultra ⚡ The King Of All Smartphones 👑👑 OnePlus 12R Indian Unit ⚡ Price, Specs, and First Look 👀 Motorola Moto G34 5G ⚡ Fastest Phone Under 10K ASUS ROG Phone 8 Pro – World’s Most Powerful Phone!! 🔥🔥🔥 OnePlus 12 Indian Variant ⚡ Features, Specs, and Price iQOO Neo 9 Pro ⚡ A True Game Changer Is Here 🤯🤯 OPPO Reno 11 Pro Indian Variant ⚡ The Pro-trait Master 📸 POCO X6 5G⚡IMPRESSIVE Phone Under 20K 🤯🤯 Tecno POP 8 ⚡ Features Popping Phone @ Rs 5,999