Union Finance Minister Nirmala Sitharaman on Sunday (February 1) launched the India Semiconductor Mission (ISM) 2.0, and announced waiving customs duty on TV equipment, camera and other instruments imported by a foreign film unit or TV team for shooting films removed from April 1.
She also announced, customs duty exemption on video game manufacturing parts removed from April 1. Speaking in Parliament, the Minister outlined a vision to move India beyond assembly and into the high-value sectors of semiconductor intellectual property (IP) and raw materials.
