Union Budget 2023: Electronic companies urge govt to reduce tariffs

Ahead of the Union Budget 2023-24, the electronic companies have urged the government to lower the tariffs on parts and components including printed circuit board assembly (PCBA), connectors, and mobile phone camera modules, reported Livemint.

Some duty structures, according to industry groups and stakeholders, need to be revised because they are now burdening the industry.

They asserted that these expenses are having an adverse effect on the industry's capacity to reach production goals, which are necessary for the government's "Make in India" push.

For instance, the India Cellular and Electronics Association (ICEA), an industry group backed by Foxconn and Apple