India has removed import duties on specific components required for mobile phone manufacturing, Finance Minister Nirmala Sitharaman announced in the annual budget on Feb. 1.

This decision aims to support domestic production and could provide advantages for companies such as Apple and Xiaomi.

The duty exemptions apply to components like printed circuit board assemblies, camera module parts, and USB cables, which were previously subject to a 2.5% tax.

This policy aims to boost India’s global competitiveness and establish it as a key manufacturing hub amid competition from China and Vietnam.