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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.
The government may stop disbursement under Electronics Components Manufacturing Scheme (ECMS) if beneficiaries don't invest in product design technology and meet Six Sigma standards, Union Minister Ashwini Vaishnaw said on Monday. After granting approvals to 29 proposals under ECMS entailing fresh investment of Rs 7,104 crore, the minister warned of weeding out those beneficiaries who do not invest in product design technology. "I am willing to stop any further disbursements or approvals if the industry doesn't come up with the commensurate efforts," Vaishnaw said. The minister pulled up industry body ICEA (India Cellular and Electronics Association) and their member firms for not adhering to the integrated approach set by Meity to boost high quality and self-reliant electronics manufacturing. "Over a period of time those who do not invest in design will be weeded out. We will make sure that they are weeded out. I am saying that very blunt and very open because that is very very ..