Budget 2026: Phone machines likely to get rid of duty friction

Indian manufacturers are encountering difficulties in their supply chains following China's decision to restrict exports of high-precision machinery, essential sub-systems, and equipment tied to rare-earth elements. Industry executives report that these curbs have led to disruptions, prompting Indian firms to begin producing the necessary equipment domestically. However, companies are now facing a structural disadvantage due to import duties ranging from 5% to 25% on parts for this machinery.