Next-Gen GST Reforms Set to Drive Demand, Promote Localization, Generate Jobs in the Electronics Ecosystem
Dear Readers, Friends and Partners,
Mobility Magazine wishes you all a great Diwali!
This issue casts light on the recent changes made by the central government to GST regime which are set to drive demand, promote localization, and generate new jobs in the electronics ecosystem. The Next-gen GST reforms aim to correct these anomalies by introducing a graded tax structure that supports value chain efficiency. By lowering GST rates on critical sub-components and inputs, the government can lower the final cost of consumer electronics, thereby unlocking latent demand – especially in price-sensitive rural and Tier-II/III markets. A wider consumer base will drive greater manufacturing volumes, attracting both domestic and foreign players to invest in production facilities.
Next, Telangana state which is already on the forefront of electronics and IT hardware products manufacturing, making further efforts to expand its manufacturing ecosystem, is now expanding its reach into core electronics manufacturing and design-led production. Telangana’s holistic approach goes beyond just manufacturing. Through T-Hub, T-Works, and WE-Hub, the state supports electronics and hardware startups, fostering innovation from the ground up. Hyderabad is fast becoming a center for fabless design startups, which aligns with India’s goal of achieving self-reliance in chip design and electronics systems.
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