The Appliance and Consumer Electronics |
The consumer electronics industry at |
industry received a decent blow in this |
large sees the brighter side of the |
process . A sector in India that runs on |
increase in duties and incentives |
80 % cash transaction came down to half , |
allocations . |
in the aftermath . |
Welcoming the proposals Manish Sharma , |
Now with hopes in eyes , the industry |
President and CEO , Panasonic India & |
looked forward to the upcoming budget |
South Asia , and Executive Officer , |
on 1st of February . As demonetization |
Panasonic Corporation , states , “ The |
affected the sector in the second half of |
Union Budget 2017 will have a long-term |
the third quarter , relevant measures to |
impact , it needs to be analyzed further |
soothe the bruises were being looked |
when it comes to the appliances and |
forward to . |
consumer electronics industry . This |
The new budget had various measures for |
budget , a lot of impetus has gone to rural |
the electronics sector . “ We are also |
economy and allocation on infrastructure |
creating an ecosystem to make India a |
by the honorable finance minister . From a |
global hub for electronics manufacturers . |
consumer electronic company point of |
Over 250 investment proposals for |
view , we were expecting direction on the |
electronics manufacturing has been |
upliftment in supply chain and logistics in |
received in the last 2 years , totaling an |
India . The budget allocated towards M- |
investment of Rs1.26 lakh crore ,” Finance |
SIPs and EPF looks progressive and will |
Minister , Arun Jaitley said while |
surely reduce dependency on imports in |
presenting Union budget 2017-18 in the |
the industry .” |
Lok Sabha . |
Prior to the Budget announcements , the |
“ I have therefore exponentially increased |
appliances , and consumer electronics |
the allocation and incentives of schemes |
industry appealed to the Finance Minister |
like M-SIPS and EDF to Rs745 crore in |
to raise the basic customs duty to 20 per |
2017-18 , this is an all-time high ,” Jaitley |
cent for the sector , a measure to |
stated . |
discourage imports , and enhance local |
M-SIPS provides subsidy for capital expenditure - 20 % for investments in special economic zones ( SEZs ) and 25 % in non-SEZs . |
manufacturing . Besides , the industry had also urged implementation of the Phased
Manufacturing Plan , which would boost manufacturing of components .
|