FM proposes exempting duty on capital goods used in lithium-ion battery production
Finance minister Nirmala Sitharaman announced duty exemptions on capital goods used in manufacturing lithium-ion batteries to boost domestic production essential for electric vehicles and mobile phones. The move aims to reduce costs, accelerate India's EV transition, enhance manufacturing capacities, and create high-value jobs in the sector.
Finance minister Nirmala Sitharaman announced duty exemptions on capital goods used in manufacturing lithium-ion batteries to boost domestic production essential for electric vehicles and mobile phones. The move aims to reduce costs, accelerate India's EV transition, enhance manufacturing capacities, and create high-value jobs in the sector. What's Your Reaction?
