EMS players rally after govt extends customs duty sops

The government has extended customs duty concessions for machinery used in electronics manufacturing, covering inputs for lithium-ion battery production, display assembly for automotive and medical use, and wireless charging modules for mobile phones. Analysts say the relief lowers capex and machinery procurement costs for EMS players while reinforcing long-term policy support under the PLI framework. Brokerages flagged Dixon Technologies and Kaynes Technology as direct beneficiaries, with Syrma SGS and PG Electroplast also named as top picks in the space.