Lok Sabha clears tax bill extending electronics supply-chain incentives to 2041
The proposed amendments extend tax exemptions for electronics capital-goods suppliers through March 31, 2041 and offer a 15-year income-tax exemption for foreign firms warehousing electronic components. The bill still requires Rajya Sabha approval.
Lok Sabha passed a tax-amendment bill supporting Indian electronics manufacturing, bonded component warehousing, digital infrastructure, diamond trade and payment-mode regulation. Measures include extended tax exemptions for foreign electronics suppliers and a 15-year exemption for component warehousing, subject to Rajya Sabha approval.
Why this matters
The bill follows India’s inventory-based framework for cross-border e-commerce exports and comes as rice procurement rises 5% toward its 2025-26 target.
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