India’s recent tariff reductions on electronic components are set to boost domestic electronics manufacturing, making the country more competitive on the global stage.

Key highlights:

• Tariffs Dropped: India removed import taxes on critical components like those for camera modules and PCBs, lowering costs for local manufacturers.
• Global Integration: These moves aim to attract global players, strengthen India’s role in electronics supply chains, and level the playing field with countries like China and Malaysia.
• Proven Impact: Apple now assembles 14% of its global iPhones in India, with the country’s electronics production reaching $115 billion in 2024—more than double in six years.
• Sustained Growth: Continued government action on reviewing and simplifying tariffs, plus infrastructure and skilled workforce investments, are vital for India’s long-term manufacturing success.

How IVP-Inc can help:

IVP-Inc supports your electronics manufacturing goals by delivering PCBs and components at cost using tariff-free zones, Our sourcing strategies help you capitalize on policy changes, drive competitiveness, and scale your production efficiently.

Read the original article here: https://www.astutegroup.com/news/industrial/indias-tariff-tweaks-a-boon-for-electronics-manufacturing/