Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 12 2021 2021 (12) This

EXPORT AND IMPORT OF MOBILE PHONES

17-12-2021
  • Contents

Exports of mobile phones have increased from USD 0.2 billion in 2017-18 to USD 1.7 billion in 2021(April 21-September 21). Imports of mobile phones have decreased from USD 3.5 billion in 2017-18 to USD 0.5 billion in 2021(April 21-September 21).

Steps taken by the Government which are expected to increase the domestic manufacturing and export of electronics goods including mobile phones include formulation of Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Production Linked Incentive Scheme (PLI) for IT hardware, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), Modified Electronics Manufacturing Clusters (EMC 2.0) under the National Policy on Electronics, 2019, which envisages to position India as a global hub for Electronics, System Design and Manufacturing (ESDM). Moreover, FDI upto 100% under the automatic route is permitted for electronics manufacturing subject to applicable laws. Phased Manufacturing Programme (PMP) has been notified to promote domestic value addition in mobile phones and their sub-assemblies / parts manufacturing.Tariff Structure has also been rationalized to promote domestic manufacturing of electronic goods, includingCellular mobile phones.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Rajya Sabha today.

Quick Updates:Latest Updates