Large-screen TVs, mobile phones may become cheaper

Finance Minister Nirmala Sitharaman proposed halving the duty on open cells from 5% to 2.5%, while completely exempting the duty on mobile phone camera lenses from 2.5% and on specific chemicals such as calcined ferrite powder and palladium amine tetrasulfate, on which duty was due. 7.5%. Palladium is used in parts of the conductors in printed circuit boards (PCBs), which are used in all electronic devices.

It also announced plans to open three Centers of Excellence (CoEs) for Artificial Intelligence (AI), 100 5G labs in engineering organizations, and 30 International Skills India Centers for coding, AI, robotics, mechatronics, Internet of Things (IoT), and 3D. Printing and drones.

“This is a welcome step, and we will bring this feature to customers. TV prices can go down to RAvneet Singh Marwah, CEO and Founder of Super Plastronic Pvt. Ltd., the contract manufacturer of TVs, says 3000 on larger screens (above 50 inches), “This will greatly boost the domestic TV manufacturing industry and help compete with global brands,” added Arjun Bajaj, director of Videotex International, a contract TV maker. Industry experts Lower duties on components will also encourage component manufacturing in India Vivek Tyagi, President of the Indian Electronics and Semiconductor Association (IESA) said the focus so far has been on electronics assembly, which creates an added value of 7-8% of the total price of a device “Reducing charges (on components) could more than double the value added for manufacturers, on a per device basis. Hence it can easily be between 15 and 16 percent at least, which could make India a viable destination for electronics component manufacturing. ”

Muralikrishnan P, President, Xiaomi India, said that reducing tariffs on specific parts will help increase domestic value added. “This will have a positive impact on the local component manufacturing industry,” he added.

However, not everyone agrees that the phone’s prices will be cut. These steps will not have a significant impact on the price of the final product, but they are in the right direction. The cost impact on mobile phones’ bill of materials (BoM) will be from 0.16% to 0.19%, said Pankaj Mohindro, Chairman of the Indian Cellular and Electronics Association (ICEA).

In presenting the budget, Sitharaman also suggested introducing a national data management policy to make anonymized data more accessible to startups and researchers. The lack of access to high-quality non-personal data for training AI models is one of the major challenges faced by startups working on AI projects.

Nasscom said in a June 2022 report that AI adoption with a data utilization strategy could add $500 billion to India’s GDP by 2025. Ranjan Kumar, CEO of Entropik, an AI startup, said: “Centers of excellence are The three proposals for AI are a crucial step towards promoting AI and related technologies in India.” The budget also proposed abolishing the minimum R10,000 to make TDS on winnings from online games. TDS fee will be charged even if the win is less R10,000.