Proposed tax bill extends electronics machinery exemption window to 15 years
India’s proposed tax bill would extend tax-free supplies of machinery and tooling to electronics manufacturers from five to 15 years, aiming to strengthen domestic production and component supply chains. The bill also seeks to simplify rules for foreign fund managers and data centres.
The proposed tax bill simplifies rules for foreign fund managers and data centres, and extends tax-free machinery and tooling supplies to Indian electronics manufacturers to 15 years, supporting local electronics production and component supply chains.
Why this matters
The proposal follows India’s taxation bill targeting longer tax certainty for manufacturers and its plan for longer tax reliefs to attract global manufacturing and cloud investment.
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