Plans afoot for hardware sector
TOI : PUNE: Expressing concern over the slow growth in hardware sector as compared to software, U.P. Phadke, advisor to the department of information and technology said that they are encouraging new schemes to make up for the loss.
Phadke was speaking at annual foundation day of Centre for Materials for Electronics Technology (C-MET) on Saturday.
T.L. Prakash, executive director of C-MET was present.
Phadke said, “India has failed to maintain high growth rate in hardware manufacturing, which has resulted in higher prices at the retail market as compared to international market.”
Phadke said that several schemes have been mooted to boost hardware manufacturing. “We have received some proposals under the special incentive package scheme (SIPC), which was announced for manufacturing hardware and semi-conductors last year,” he said.
“Taxes on hardware products have been brought down. The excise duty has also been reduced to 14 per cent. This will boost production and sales of hardware products in the domestic market,” he said.
Although they received proposals for solar photo and liquid crystal displays, the department is expecting more proposals for semi-conductors. Print Save EMail Write to Editor Get personalised news s…More




