Saturday, March 6, 2021

Impact on domestic brands with import tariff hike

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Must Read

Senator Major Olimpio is admitted to the ICU by Covid-19 – Prime Time Zone

In addition to Olimpio, Alessandro Vieira and Lasier Martins also contracted the disease and are in recovery Fátima Meira /...

Panchayat election effect .. All TDP leaders hit the road ..

AP Municipal Elections: The TDP, which was shocked by the results of...

USA: Democratic MP sues Donald Trump for ‘terrorism’ – Young Pan

Eric Swalwell claims that the January invasion of the Capitol was a direct and predictable consequence of the former...

Prime Time Zone, Webdesk: Industries believe that raising tariffs on imports of mobile phone parts could affect domestic smartphone makers Lava and Micromax. Mainly Rs. They point out that this impact will be greater on smartphone prices in the 10,000s. However, industry sources predict that market leader companies such as Xiaomi, which sell smartphones at these prices, will benefit from lower import tariffs.

The government has proposed in the budget an increase of 2.5 per cent on printed circuit boards, camera modules and connectors from April 1. Charger and adapters increased by 10 per cent. ‘Feature phones and entry level smartphones will be severely affected by this decision. This will adversely affect the domestic brand Lava. We are already fighting for a 10 percent increase on display devices. Now we have to face more challenges with the latest decision, ”said Bibash, Head of Lava International. However, to strengthen local R&D on priority sectors, Rs. He said the allocation of Rs 50,000 crore would enable the Lava company to compete with international brands.

Gully to Global Updates .. Interesting analyzes on the politics of changing colors .. Guts news .. From time to time .. If you want to get it through WhatsApp .. Save our number +91 88864 24242 and send a message via WhatsApp saying “START” ..

Previous articleKL Rahul with full fitness
Next articleKGF-2 release ‌ National Holiday ..?

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Latest News

Senator Major Olimpio is admitted to the ICU by Covid-19 – Prime Time Zone

In addition to Olimpio, Alessandro Vieira and Lasier Martins also contracted the disease and are in recovery Fátima Meira /...

More Articles Like This

Impact on domestic brands with import tariff hike