Budget 2015: Tax holidays and interest subsidies to push manufacturing

As India is going to achieve a 25% share in global mobile phone manufacturing by 2019, the industry expects Union Budget to encourage domestic manufacturing and help the Indian telecom sector to reach new benchmarks.

The mobile segment in India has immense potential and can be looked at as a great platform to create millions of jobs in the country.

In Budget 2015, the Government should be introducing friendly policies including tax holidays and interest subsidies to give a push to domestic handset manufacturing and increase the mobile phone user base in India.

The Government needs to provide easy financing options for mobility goods like mobile devices, tablets to establish India as global power in international mobile market.

The indigenous products will help in realizing the vision of initiatives like ‘Digital India’ & ‘Make in India’ and take the mobile and internet revolution to mass consumers.

The strong willingness and campaigns around such initiatives will help in developing a digital environment in the country.

Additionally, there is an urgent need for establishment of a robust mobile design eco-system to enable and promote manufacturing and exports. With locally manufactured products, we expect to see billion hands using mobile phones for communicating and sharing data in coming years.”

--Pardeep Jain, Managing Director, Karbonn