Branch² Intelligence
EMS players rally after govt extends customs duty sops
Key takeaway
India extends customs duty sops on machinery for lithium-ion battery and display component manufacturing.
- Step 1Indian government extends customs duty concessions on machinery for lithium-ion battery and display component manufacturing.
- Step 2EMS companies' capital costs decrease, improving profitability and enabling faster capacity expansion.
- Step 3Increased domestic production of electronics and batteries reduces import dependence and strengthens the supply chain ecosystem.
Source: IN:Economic Times
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