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Saturday, December 21, 2024 | 12:03 PM ISTEN Hindi

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Imports are eroding component supply base in India in consumer electronics

Basic customs duty on appliances & consumer electronic should be raised to 20% to discourage imports

Manish Sharma, president, CEAMA
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Manish Sharma, president, CEAMA

Manish Sharma
The budget 2017-18 is going to be unique in many aspects. It will be for the first time that Railway Budget will be merged with the General Union Budget, and will be announced a month in advance, ie on February 1, 2017. GST all set to be implemented in July 2017 and the effect of demonetisation still circling in the market, expectations with the budget this time around are considerably high as compared to previous years.

The past year started off with the promise of being one the most profitable financial year for the consumer durable industry in almost four years.

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