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Budget 2025 | Custom duty cuts, tax reforms to boost domestic electronics production: Ashwini Vaishnaw

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The Union Budget 2025 has introduced three key reforms aimed at strengthening India’s electronics and semiconductor manufacturing ecosystem, Union IT and Railways Minister Ashwini Vaishnaw said on Saturday.

Speaking after Finance Minister Nirmala Sitharaman’s Budget presentation, Vaishnaw highlighted the rationalisation of custom duties, taxation reforms on permanent establishments, and improved warehousing facilities for electronic manufacturing inputs as critical measures that will boost domestic production.

“These reforms, combined with ongoing…



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Budget 2025 | Custom duty cuts, tax reforms to boost domestic electronics production: Ashwini Vaishnaw



The Union Budget 2025 has introduced three key reforms aimed at strengthening India’s electronics and semiconductor manufacturing ecosystem, Union IT and Railways Minister Ashwini Vaishnaw said on Saturday.

Speaking after Finance Minister Nirmala Sitharaman’s Budget presentation, Vaishnaw highlighted the rationalisation of custom duties, taxation reforms on permanent establishments, and improved warehousing facilities for electronic manufacturing inputs as critical measures that will boost domestic production.

“These reforms, combined with ongoing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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