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Budget 2025 | Custom duty cuts, tax reforms to boost domestic electronics production: Ashwini Vaishnaw
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The Union Budget 2025 has introduced three key reforms aimed at strengthening India’s electronics and semiconductor manufacturing ecosystem, Union IT and Railways Minister Ashwini Vaishnaw said on Saturday.
Speaking after Finance Minister Nirmala Sitharaman’s Budget presentation, Vaishnaw highlighted the rationalisation of custom duties, taxation reforms on permanent establishments, and improved warehousing facilities for electronic manufacturing inputs as critical measures that will boost domestic production.
“These reforms, combined with ongoing…
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