India removes import duties on smartphone components to boost manufacturing

India has eliminated import duties on several critical components used in the assembly of smartphones, a move designed to lower manufacturing costs and increase the country's share of the global electronics market. The decision aims to support local production as the nation positions itself as a primary alternative to China for global tech supply chains. Tax Reductions on Key Parts The Indian Ministry of Finance confirmed that import duties on components including battery covers, main lenses, back covers, and various mechanical items made of plastic and metal have been removed. These parts previously faced import tariffs of up to 15%, which industry leaders argued hampered the pricing of India-made devices in international markets. By removing these trade barriers, the Indian government seeks to narrow the cost gap between its domestic manufacturing and that of rival hubs such as Vietnam and China. The policy change is expected to benefit major global brands like Apple and Samsung, both of which have scaled up their Indian assembly operations in recent years. Strategic Export Targets The India Cellular and Electronics Association (ICEA) noted that lowering input tariffs is a…