Domestic firms may face subsidy cut for CommunicAsia 2014

Domestic companies participating in CommunicAsia 2014 may face a 20 per cent subsidy cut if the Telecom Equipment & Services Export Promotion Council doesn't get enough firms on board to avail of the full benefit.
"We have a target to facilitate 25 small and medium companies to showcase their business at CommunicAsia. The Commerce Ministry gave funds for subsidising their participation. We only have 20 companies on board. There will be a 20 per cent subsidy cut if we don't get another five companies," TEPC Secretary RK Pathak said at an event.
CommunicAsia 2014, one of the big annual telecom events held in Singapore, is scheduled from June 17 to 20.

TEPC provides a 45-50 per cent subsidy to domestic telecom equipment and services firms that take part in major foreign exhibitions.
Micromax, the country's second-largest mobile devices player, is one of the participants under the TEPC banner.
"We are even facilitating companies that are not our members. Singapore is an important destination as it is a gateway of trade for Asia. In the April-December 2013 period, India exported telecom equipment worth about Rs 230 crore," Pathak said.
TEPC has earmarked Rs 2.5 crore initially to support participation in nine more foreign events and promote exports.
The list for 2014 includes CeBIT in Australia, QITCOM in Qatar, GITEX Dubai, Futurecom Brazil, Africacom in South Africa and Communicast Myanmar.