The Union Budget proposal to raise Customs duties to reduce India’s dependence on Chinese imports has elicited very different reactions from two key areas of industry: mobile device manufacturers and auto components manufacturers.
Standing against the proposal are global and Indian mobile device manufacturers who are preparing to petition the government against it. They believe the increase in customs duties on the components used in making phones is against Atmanirbhar Bharat.
They also say it will merely increase the price of phones and jeopardise the government’s ambition to turn the country into a major global manufacturing hub for the industry.
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