New Delhi, Feb. 1 -- Union finance minister Nirmala Sitharaman's move to remove basic customs duties on flat panel displays, open-cell display components, and components of mobile phone circuit boards, camera modules and sensors, will help component suppliers enter India and localize their operations, said Union minister for information technology Ashwini Vaishnaw.

This, in turn, will attract more stakeholders of the global electronics component supply chain to India, he said.

"The duty rationalization addresses three of the biggest issues in the electronics component ecosystem-warehousing, the issue with custom duty structure rising out of so many different duty slabs, and challenges with supply chain vendors setting up permanent estab...