The incremental GST of 6% on mobile phones has raked in ₹42,897 crore over the last three financial years, topping the nearly ₹39,000-crore outlay of the production-linked incentive (PLI) scheme for manufacturing of smartphones and making the government scheme self-sustaining, according to industry executives. In fact, the five-year smartphone PLI scheme will leave a revenue … Read more
World Trade Organization‘s ruling against India’s import duty imposition on mobile phones and telecommunications equipment has the potential to more than halve the local manufacturing by top Chinese players that are not part of the government’s production-linked incentive scheme, industry experts said. A WTO panel recently ruled that India had violated global trade rules after … Read more
Commerce and industry minister Piyush Goyal will chair a meeting of the reconstituted board of trade on Tuesday to discuss ways to boost the country’s manufacturing and exports. The meeting comes ahead of the government likely to announce the new Foreign Trade Policy later this month and the country’s merchandise exports shrinking 1.15% in August- … Read more
New Delhi: Mobile phone makers are working on a plan to replace feature phones used by people at the bottom of the pyramid with smartphones, a member of industry body ICEA said on Thursday. Lava International Chairman and Managing Director Hari Om Rai speaking said that the plan to take smartphones to people using feature … Read more