Flextronics, Sterlite Helped as India Dials Down Equipment Tariffs — Panjiva


Flextronics, Sterlite Helped as India Dials Down Equipment Tariffs

India 283 Info Tech - Comms Equip 118 Tariffs 1169

The Indian government has cut tariffs on 35 products used to manufacturer mobile phones to zero from as much as 10% as part of the “Make in India” industrial policy. The reductions come as imports of the machinery involved have climbed 6% to $2.5 billion in the 12 months to June 30 vs. a year earlier. The largest direct importers in the electronics sector include phone manufacturers Sterlite and Flextronics though capital goods makers that build the equipment as well as non-telecoms electronics makers could also be helped. Cutting, rather than raising, duties could also help with trade n...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.