June 20, 2026

domestic manufacturing

Budget 2026: MAIT seeks customs duty cuts on key electronic components; push to boost domestic manufacturing

Budget 2026: MAIT seeks customs duty cuts on key electronic components; push to boost domestic manufacturing

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The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic…

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Budget 2026 expectations: Deloitte calls for customs duty overhaul; seeks higher allocations for exports

Budget 2026 expectations: Deloitte calls for customs duty overhaul; seeks higher allocations for exports

admin02 mins

Rationalising import duties and stepping up budgetary allocations in the upcoming Union Budget could give a strong push to domestic manufacturing and exports, Deloitte India said on Tuesday.The consulting firm said the Budget for 2026-27, which is scheduled to be presented on February 1, should build on the government’s ongoing efforts to strengthen manufacturing at…

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