Potential of electronics hardware industry has been recognised

Vinnie Mehta
Posted: Tuesday, Jul 07, 2009 at 0121 hrs IST
Updated: Tuesday, Jul 07, 2009 at 0121 hrs IST

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: The decision to maintain the current excise and custom duty levels on IT products and components reflects the commitment to growth through a stable policy regime. Frequent policy changes not only adversely impact business plans of the industry, but also play havoc with the investments.

The industry was also awaiting directions on the GST as it is very essential for creating a single-India market. The minister’s announcement of April 2010 as the date for roll-out of GST puts to rest all the speculations regarding its roll-out.

It is heartening that strong potential of the electronics hardware industry has been recognised. The announcement of reduction in customs duty on LCD panels and exemption of CVD on parts and components of mobile phones for manufacturing these products locally is truly welcome. However, to sustain hardware manufacturing in the country in the long run, it is critical that SAD be either abolished on finished goods and components or made at par with the CST.

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Potential of electronics hardware industry has been recognised

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