Extend Camera Lens Duty Concessions to Other Segments, Industry Body Says

The government’s decision to remove import duty from the camera lens and its components will benefit mobile phone manufacturers in India, and it should be extended to all other electronic product segments that use camera modules, electronic components industry body ELCINA said on Thursday. To deepen domestic value addition in the manufacture of mobile phones, … Read more

Union Budget 2023: PLI, R&D tops wishlist of hardware companies – Times of India

Budget for 2023-24 is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1. The government is likely to extend fiscal incentives new industries in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors. The scheme aims to make domestic manufacturing globally competitive … Read more

PLI Scheme in telecom and networking products: State-wise complete list of beneficiaries – Times of India

The Department of Telecommunications (DoT) has notified the Production Linked Incentive (PLI) Scheme in February 2021 to promote telecom and networking products, effective from April 1, 2021. The applications were invited from April 4, 2021 to July 3, 2021. Some 31 eligible applications were approved on October 14 2021. For including design-led manufacturing, the Scheme … Read more