India eliminated import duties on mobile and electronic device components to bolster domestic production.
The government removed previous tariffs of 5% and 7.5%.
These tax exemptions will remain in effect until March 31, 2029.
Exemptions apply to wireless charging modules, lithium-ion cells, and specific display components.
The policy will lower production costs for major manufacturers like Apple and Xiaomi.
India targets an electronics manufacturing industry worth $500 billion by fiscal year 2030.
The move encourages domestic investment in batteries for electronics and electric vehicles.