Frost & Sullivan

FEBRUARY 1, 2025

Key Announcements Made Manufacturing Sector Announcement 1: Adjustments in Basic Customs Duty (BCD) on Critical Materials Impact: Positive The full exemption of BCD on cobalt powder, lithium-ion battery waste, scrap, and 12 other critical minerals, coupled with the raised BCD on interactive flat panel displays and reduced BCD on certain other components, aims to secure material availability for manufacturing and encourage domestic production.

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Credit Energy Government Ecosystems 52

Frost & Sullivan

FEBRUARY 1, 2025

Key Announcements Made related to Energy and Environment: Announcement 1: National Manufacturing Mission to boost Cleantech Manufacturing Impact: Indias dependency on imports for clean tech sector is very high (70-85%) for solar components, EV batteries, EV motors, Electrolyzers etc. The mission will focus on strengthening the entire manufacturing ecosystem from SMEs to large-scale industries – while ensuring policy support for investment and execution plans.

Energy 52

Energy Government Ecosystems 52

Frost & Sullivan

FEBRUARY 1, 2025

Key Announcements Made – Announcement 1: Elimination of Import Duties on Key Smartphone Components The government has fully exempted customs duty on 28 capital goods and machinery used for lithium-ion battery production in mobile phones. Additionally, the basic customs duty (BCD) on key components such as printed circuit board assemblies (PCBAs), camera modules, USB cables etc. has been reduced from 2.5% to zero.

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Government Collaboration 52

Frost & Sullivan

FEBRUARY 1, 2025

Key Announcements Made – Announcement 1: 99,858.56 Crore to be allotted to Health Ministry. Impact: This is a 2% increase since the previous year and will focus on improving maternal and child healthcare under India’s National Health Mission. The budget will also be used for improving healthcare infrastructure. The 2% increase is reflective of the Indian Governments rising focus on Indian health.

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Government Collaboration 52

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