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EMS players rally after govt extends customs duty sops
Electronic manufacturing services players' shares rose Thursday after duty concessions were extended. This relief covers machinery for lithium-ion battery and display component manufacturing. The government's move reinforces its commitment to the domestic electronics ecosystem. Shares of Syrma SGS Technology and Dixon Technologies are strong performers. This import duty concession should act as a tailwind for the sector.
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economictimes.indiatimes.com
Govt extends duty relief for electronics, lithium-ion battery manufacturing till 2029
Customs duty concessions on electronics manufacturing parts are extended until March 2029. This move supports investments in battery cell manufacturing and advanced electronics…
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Dixon Tech, Syrma SGS, Amber shares surge up to 6%. What does customs duty relief mean?
