India's Manufacturing Moves: Expert View
Recent announcements extending customs duty exemptions on specified electronic components and manufacturing equipment represent another significant step in the government's broader strategy of strengthening India's position within global electronics and battery supply chains.
The notifications are expected to reduce the landed cost of critical components and capital goods, thereby improving the competitiveness of domestic manufacturers. In particular, the expansion of concessional duty benefits for battery manufacturing equipment could facilitate large-scale investments in advanced battery manufacturing and electric mobility ecosystems.
