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Main News

Government notifies phased import duty hike on electric PV parts, lithium-ion cells

As part of the road map under the phased manufacturing programme (PMP), Government has notified phased increase in basic customs duty on parts of electric passenger vehicles to be assembled in India to 15% from April 2020 and 10% on imported lithium-ion cells by April 2021 to promote domestic manufacturing of EVs.  The notification also entails doubling the basic customs duty on completely built units of electric buses and trucks to 50% from April 2020.


Union Cabinet approved new National Electronics Policy (NEP) 2019

The Cabinet has approved National Policy on Electronics 2019 in February 2019, which was proposed by Ministry of Electronics and Information Technology (MEITY) in 2018. The Policy aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally.  NEP 2019 replaces NEP 2012.

Cabinet approved setting up of firm to market ISRO’s Research and Development (R&D) work

Union Cabinet has given its approval to the Setting up of a new company under Department of Space (DoS), to commercially exploit R&D work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS.  The cabinet decision will definitely encourage the private sector to indulge more in production of launchers and satellites.