EMS stocks like Dixon Tech, Kaynes rise as govt waives basic customs duty on key components | Markets
Mumbai: Shares of Electronic Manufacturing Services (EMS) like Dixon Tech and Kaynes are in action as the government has waived basic customs duty on goods used in the manufacture of display assemblies, lithium-ion cells, and inductor coil modules. The step is being seen as a push to make India a global hub of electronics manufacturing and promote domestic production of electronic devices like smartphones, laptops, wearables and smart TVs.ย This exemption would be valid till March 31, 2029, the notifications said. Finance Ministry issues notification According to a notification issued by the Ministry of Finance, several specialised machinery and equipment used…