Budget 2024 Expectations: Increase In Customs Duty (If Any) To Benefit EMS Companies: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.After speaking with white goods and durable companies and channel partners, we note July 2024 Budget expectations include:Any increase in customs duty to benefit EMS companies as manufacturing in India will become relatively affordable, extension to PLI schemes may result in higher investments in manufacturing activities. PLI benefits for most electronics items are likely to expire by FY28. Indirect tax cuts will likely help in balancing the increase in costs due to implementation of BEE norms. It may drive growth of premium electronic items and could also result in energy savings. Sops to drive growth of realty sector and infrastructure projects. It could push additional demand for electricals. B2B sales are 20-30% of revenue for most companies.While Indian companies have developed capabilities to manufacture electronic products in India, global market is still dominated by Chinese players, who benefit from higher scale and operating leverage. Export incentives could result in higher growth of electronic manufacturing in India..Click on the attachment to read the full report:.Info Edge - Stock Price May Have Run Up Ahead Of Fundamentals; Downgrade To Hold: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Budget 2024 Expectations: Increase In Customs Duty (If Any) To Benefit EMS Companies: ICICI Securities

The basic customs duty for most white goods is 20%

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Budget 2024 Expectations: Increase In Customs Duty (If Any) To Benefit EMS Companies: ICICI Securities

The basic customs duty for most white goods is 20%

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