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Electronics players want India to fix 2-4 per cent incentive on exports
- Friday | 22nd January, 2021
India’s electronics industry wants India to fix an incentive rate of 2-4% on exports of mobile handsets, laptops, tablets, chargers and batteries under the newly launched Remission of Duties or Taxes on Export Products (RoDTEP) scheme, which replaced the Merchandise Exports Incentive Scheme (MEIS) from January 1, 2021. India has yet to notify incentive rates under the RoDTEP scheme. “RoDTEP in itself is not a stronger scheme than MEIS, which pushed up electronics exports by 85% in 2017. “RoDTEP is key to ensuring that Indian electronics exports regain the competitive edge. ICEA aims to make electronics India’s top export by 2025.”Globally, electronics is a $2 trillion industry, dominated by exports from China, Vietnam, Taiwan and Japan.
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