Budget Reaction: AMD

We welcome the announcement for the IT sector, the budget looks very pragmatic and realistic. The government has pledged to support the growth of domestic information technology capabilities in both hardware and software, focused on enabling the timely delivery of citizen services and creating new jobs opportunities, especially in rural areas.

The FM talked about Smart Cities and Digital India which clearly speaks about government’s intention to go aggressive in developing the nation by taking help of technology. It recognizes the role of technology in creating a citizen centric governance framework.

 

Talking about the micro—Exemption on all inputs/components used in the manufacture of personal computers from 4 percent special additional duty (SAD) would help revive the subdued demand and promote domestic manufacturing in the country.

--Ravi Swaminathan, managing director, AMD India & VP (sales & marketing), AMD South Asia.