- Imports of display levied 10 percent duty
- Mobile phone prices may increase by 3 percent
- Import duty was proposed in the year 2016
Mobile phones can become expensive in the coming days. Actually, the central government has imposed a 10 percent duty on the import of displays. The Indian Cellular and Electronics Association (ICEA) has given this information. ICEA said that with this decision of the government, the prices of mobile phones can increase up to three percent.
ICEA national president Pankaj Mahendru said in a statement, “This will increase mobile phone prices by one and a half to three percent.”
Mahendrau said, “Due to the Kovid-19 pandemic and the National Green Tribunal (NGT) ban, the industry was not able to increase the production of display assemblies in sufficient quantity. In this the industry could not grow as expected. We are committed. However, now our focus is on gaining a bigger share in the global market, not just on imports. “
This charge was proposed to be imposed on the display assembly and touch panel from October 1. Explain that the members of ICEA include companies like Apple, Huawei, Xiaomi, Vivo and Winstron.
The proposal was in the year 2016
In fact, under the Phased Manufacturing Program (PMP) announced in the year 2016, it was proposed to be put in agreement with the industry. The purpose of PMP is to encourage domestic manufacturing of components and thereafter discourage their import.
First plant in 2016
Vellanta Investments, promoted by Vedanta Group chairman Anil Agarwal, proposed to set up the country’s first LCD manufacturing factory in 2016 under the name of Twinstar Display Technologies. 68,000 crore rupees were to be invested on this. However, this proposal did not get the approval of the government and the project could not proceed.