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Indian industry groups urge lower import duties and extended PLI scheme to boost manufacturing ahead of 2026 budget.
Indian industry groups, including MAIT, are urging the government to lower import duties on key electronic components and capital equipment parts ahead of the 2026 Union Budget.
They seek to reduce customs duties on items like camera modules, displays, and connectors from 10% to 5%, eliminate tariffs on inductor coil inputs, and extend the import-for-repair period to 20 years.
The move aims to fix an inverted duty structure that hampers domestic manufacturing, discourages investment, and limits value addition.
Industry leaders also want the mobile PLI scheme extended beyond March 2026 and tax incentives expanded to boost innovation, job creation, and global competitiveness.
Los grupos industriales indios instan a reducir los aranceles de importación y a extender el esquema de PLI para impulsar la fabricación antes del presupuesto de 2026.