Budget 2016: IT, telecom, mobile phone makers want Make in India boost from Narendra Modi govt

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Updated: February 29, 2016 9:19:07 AM

"There is no availability of components, we still rely on China. All the top chip vendors and the semiconductor vendors or component vendors should be permitted to create a component hub in the country. Government can create free economic zones. "Import and storage of goods should be allowed in these zones without custom transfer pricing lot. The transfer price should be applicable at goods which are sold from the component trading hub not when they are brought as stock," MAIT Vice President Nitin Kunkolienkar said. (Reuters)

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