ilmscore | Prediction Details
"they've actually increased the basics custom duty on interactive flat panel display oh wow from 10% to 20% so that import reduces and at the same time uh they've increased that and at the same time they've reduced the basics custom duty on open cell so that you import sell and make those panels here okay so they're helping with the backward integration absolutely make that more uh easier from a cost point of view so they incentivizing you to get the raw material and you make it here absolutely so making CH making India China plus one manufacture in India are big themes that they really want to play it's not only the toy industry if I remember she spoke about Footwear and leather correct right so I think there is so much of emphasis on making India manufacturer yeah China plus one so all of this is consumption on all of this is consumption and Manufacturing yeah so the broader thing is consumption manufacturing and at the same time you are saying clean energy because there is so much of work done around solar uh batteries because if I can read through a couple of things that they did here so on the Cobalt powder and waste or scrap of lithium ion battery or lead lead zinc and 12 other such critical minerals were Exempted from basic custom duty this is for the battery yes you had another 35 additional Goods that are a part of EV manufacturing battery and 28 another which are a part of Mobile phone battery manufacturing were also added to the Exempted capital goods so iPhones will get cheaper uh they are actually trying to make sure that you come here and manufacture mobiles here"
By Finance With Sharan | February 2, 2025 | Pending
From video
Budget 2025 Simplified: How Will It Impact You? Experts Break It Down 00:38:15 - 00:40:21
Interpreted Prediction
The government is incentivizing domestic manufacturing of EVs and mobile phones by reducing customs duty on key components like open cells and critical minerals for batteries, while increasing duty on imported panels. This aims to promote 'Make in India' and a 'China Plus One' strategy.

Prediction Details

Topic
EV and Mobile Manufacturing Incentives

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.