India proposes extending contract-manufacturing tax breaks to 2041
India is seeking tax-law changes to extend exemptions for contract manufacturers through 2041, from a previous 2031 expiry. The proposed measures cover mobile phones, laptops, tablets and servers, aiming to draw global investment and deepen domestic electronics production.
India plans tax-law changes extending contract-manufacturer exemptions to 2041, including for mobile phones, laptops, tablets and servers. The measures aim to attract foreign investment, strengthen domestic electronics manufacturing and support India’s position as a China alternative.
Why this matters
The proposal follows India's recent moves to extend tax support for electronics suppliers and component trade, alongside consideration of a notification-based digital-payments regime to replace zero MDR.
retail-company is accelerating, up 199557% QoQ.
Also reported by
- The Hindu BusinessLine — Same time