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The government has waived basic customs duty on goods used in manufacture of display assemblies, lithium ion cell and inductor coil module as it looks to promote domestic production of electronic devices like smartphones, laptops, wearables and smart TVs. The finance ministry issued three separate notifications giving effect to the basic customs duty (BCD) waiver on the goods used in manufacture of the three key components used in electronic devices. This exemption is in line with the government's efforts to promote domestic electronics manufacturing under the PLI scheme. The duty waiver would reduce import dependence and strengthen the electronics ecosystem with local production. This exemption would be valid till March 31, 2029, the notifications said.
South Korean consumer electronics major Samsung sees innovation and education as both an enabler of progress and a catalyst for inclusion in India, according to its Southwest Asia Corporate Vice President SP Chun. The company, which increased its CSR commitment in India to Rs 193.89 crore for 2025-26, from Rs 144.48 crore in 2024-25, has helped 15 lakh people benefit from Samsung India's citizenship programmes. "As we complete three decades in India, we see innovation and education as both an enabler of progress and a catalyst for inclusion," Chun said in a statement. He further said, "The focus going forward is on how this potential is translated into meaningful impact at scale." At Samsung, Chun said, "We are committed to nurturing a generation of young innovators with the skills, creativity, and collaborative mindset which enables them to grow and address complex societal challenges and contribute to a more inclusive future." Over three years, Samsung said it has accelerated ..
The government has approved 29 applications under the electronics component manufacturing scheme entailing cumulative investment of Rs 7,104 crore, a senior IT ministry official said on Monday. The Ministry of Electronics and IT (Meity) Secretary, S Krishnan, said the fresh investment proposal will create as many as 14,246 new jobs in the segment. The new applications will lead to the production of electronics components worth Rs 84,515 crore, he said. With this new set of approvals, Meity has approved a total of 75 applications.