Shares of electronic manufacturing services companies increased on Thursday following an extension of government import duty concessions. The relief applies to machinery used in lithium-ion battery and display component production.
Electronic manufacturing services players saw their shares climb after the government prolonged customs duty benefits. The concessions target equipment for lithium-ion battery and display component manufacturing.
The policy change underscores official support for India's domestic electronics sector. Syrma SGS Technology and Dixon Technologies emerged as notable gainers among the affected firms.
Market observers noted that the import duty relief is expected to provide positive momentum for the broader industry.