The government, which is working on policies for handset and other electronic manufacturers, may not have an easy task as it has to accommodate disparate demands of different companies.
For instance, while companies such as Nokia, Panasonic and others want a reduction in GST rate to help improve exports, some others demand a level playing field saying that the firms like Samsung are already getting a lot of benefits including zero import duty on many items due to Free Trade Agreement between South Korea and India. These issues came up at a closed door meeting convened by Electronics and IT Minister Ravi Shankar Prasad on Monday.
Many players are willing to set up more manufacturing plants in India, but they are going slow due to the complicated tax systems in the country.
This story is from the September 18, 2019 edition of The Hindu Business Line.
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This story is from the September 18, 2019 edition of The Hindu Business Line.
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