India scraps import duties on electronics and battery inputs to boost local manufacturing

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AI Fusion Summary

India has eliminated import duties on various machinery and components essential for electronics production, including lithium-ion battery cells and specific smartphone parts. This strategic move aims to reduce hardware manufacturing costs within the country. By implementing these tariff removals, India seeks to attract major global players like iPhone and Samsung makers, further strengthening its ambition to establish itself as a primary international electronics manufacturing hub and increase local production capabilities.
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