Dixon Technologies optimistic as import duties slashed on mobile phone components

In a move aimed at supporting the local mobile manufacturing industry, India has decided to cut import duties on essential components used in making mobile phones. The reduction, from 15% to 10%, is seen as a positive development for big companies like Apple and Xiaomi, which manufacture phones in India, the third-largest economy in Asia.

The Finance Ministry recently announced this decision, specifying the components that will benefit from the duty cut. These include battery covers, main camera lenses, back covers, and various plastic and metal parts. The adjustment also covers parts like GSM antennas, to encourage growth in mobile manufacturing in the country.

In an interview with CNBC-TV18, Atul Lall, the Managing Director of Dixon Technologies, shared his thoughts on how this reduction in import duties could impact the mobile phone industry in India.