Budget Progressive, Growth Conducive : Mobile Phone Industry

The Indian mobile phone industry has welcomed the Union Budget 2017 and opined that the measures taken by the government and the sector ministry will give the required momentum to the world’s fastest growing smartphone market.

We are bringing you the reactions from the electronics and telecom industry, more specifically the smartphone industry, on the budget.

We congratulate the Central Government for presenting a growth conducive budget. The overall announcements seems like a cohesive push for holistic economic growth. We welcome initiatives that will give further boost to Make in India in order to make our country a hub of electronic and tech manufacturing. This has been taken care of with announcements like incentivising local electronic manufacturing up to Rs.745 crore by enhancing special policies like Modified Special Incentive Package Scheme (MSIPS) and Electronic Development Fund (EDF). This move would definitely give more sops to domestic mobile handset makers. India is one of the fastest growing mobile markets in the world and it would further get boost from newly formed trade infra export scheme.” –  Akshay Dhoot, Head, Technology and Innovation, Videocon.

Chinese smartphone maker also echoed the same sentiment.

We are positive, that the Government’s increased allocation and incentives in schemes like M-SIPS and EDF will provide the necessary push to the mobile and internet manufacturing economy . Also the allocation of INR 10,000 crore in BharatNet provides the much needed boost for the penetration of Digital India into the rural segment, and for strengthening the consumptions of smartphones.” – Arvind R Vohra, Country CEO & MD, Gionee India.

We welcome the Government for presenting a progressive budget. Government’s agenda for 2017-18 is “Transform, Energise and Clean India”, with impetus on digital Economy, access to public services, and financial inclusion. Smartphones play a key role in realizing digital India agenda catalyzing the mobile economy. The government had introduced a slew of measures to drive digital transactions for speed, accountability and transparency. 

Manufacturing continues to be one of the top focuses area for the government and accordingly the union budget 2017 bodes well for the industry. The government has exponentially increased the allocation and incentives of schemes like M-SIPS and EDF to Rs745 crore in 2017-18, which is an all-time high. This reflects government’s focus on making India a global hub for electronic manufacturing. We expect this to increase economy activities, drive innovations and create more jobs.” – Ashok Kumar Gupta, Chairman, Optiemus Infracom.

Proposal on making India a global electronic manufacturing hub will boost manufacturing the electronic manufacturing market in the country. This in turn will focus on electronics manufacturing and plans to set up electronics clusters across various towns and cities. The huge investment in manufacturing will bring in more capacity creation within the country, though some amount of deterrence for blindly importing the products will happen simultaneously. Allocation and incentives of schemes like M-SIPS and EDF to Rs745 crore will reflect a strong commitment to promote local value additions in electronics manufacture. The overall tax reliefs given to start ups and MSME’s will boost sustainable employment and the quality of start-ups in the design led manufacturing sector.” – IESA.

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