What demand has been made by the electronics lobby to the government
The electronics lobby has demanded a slash in duties on smartphone parts.
The electronics lobby has made a demand to the government to slash duties on smartphone parts. Here are the key points:
- The lobby argues that reducing duties on smartphone parts would make them more affordable and boost the domestic manufacturing of smartphones.
- By reducing duties, the lobby believes that smartphone manufacturers can import parts at a lower cost, leading to reduced prices for consumers.
- The demand is also based on the goal of increasing smartphone penetration in the country, as it would make smartphones more accessible to a larger segment of the population.
- The lobby suggests that this move would attract more foreign direct investment in the electronics manufacturing sector and help in the development of a robust ecosystem for smartphone manufacturing.
- It is proposed that the reduction in duties would not only benefit smartphone manufacturers but also provide a boost to ancillary industries such as component suppliers, logistics, and distribution networks.
- The electronics lobby also believes that such a move would enhance India's position as a global manufacturing hub for smartphones, attracting more investment and creating employment opportunities.
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a year ago