To boost electronics production, ICEA demands lower input tariffs in Budget

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To boost electronics production, ICEA demands lower input tariffs in Budget - Business Standard

Quick Summary:

ICEA based its recommendations on a "tariff study" it conducted across seven competing economies, including India."...high tariffs on inputs limit the very engine of growth that would lead to higher production.

"We recognise that developing the domestic supply chain is extremely critical but the right way is not by protecting with high tariff but drastically reducing disabilities by creating competitiveness and infuse incentive schemes wherever there are gaps," the report, which was released on Tuesday, said.

Ahead of the Union Budget, India Cellular & Electronics Association (ICEA) has recommended reduction in input tariffs for building a strong components ecosystem.