EMS STOCKS GAIN AS CENTRE EXTENDS CUSTOMS DUTY RELIEF FOR ELECTRONICS MANUFACTURING

Shares of electronics manufacturing companies (EMS) have gained after the Centre expanded customs duty concessions on a wide range of machinery and components used in electronics manufacturing until March 31, 2029. The government has implemented the exemption with immediate effect, aiming to lower the cost of importing specialised machinery and components that are not widely manufactured in India. This move is expected to support investments in lithium-ion battery manufacturing, automotive electronics and advanced electronics assembly. The exemption excludes display assemblies used in mobile phones, smartwatches, televisions, smart meters and interactive flat-panel displays. Some of the EMS companies that will benefit from this policy are

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