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Budget 2021: Mobile phones may get costlier as custom duty on some parts hiked

Budget 2021: Mobile phones may get costlier as custom duty on some parts hiked

India announced its production-linked incentive (PLI) scheme for mobile phones last year. The scheme announced earlier for 10 key sectors including textile and automobiles, would help India become self-reliant, boost manufacturing and enhance exports.

The government had approved the PLI scheme for 10 sectors, taking the total outlay for such incentives to nearly ₹2 lakh crore over a five-year period starting this fiscal. Moreover, the Foreign Direct Investment insurance increased to 74% from 49%, Sitharaman added.

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