Saturday, 23 March 2013

DoT to boost local manufacturing in the telecom sector

The department of telecom is looking forward to boost the local manufacturing of telecom sector. In view of improving the export-import balance of the country DoT has prepared a six-point agenda to be given to the Commerce Ministry. 
It includes giving deemed export status to local telecom equipment suppliers, inclusion of SAARC region under focus market scheme and zero duty structure for parts and components used for manufacturing. According to the DoT, if domestic supply is considered as deemed export, this will be a boost to domestic manufacturers to set up plants in the country. “The deemed export status will allow the Indian telecom products industry to avail a low-cost working capital financing and other export-linked benefits available to exporters. 

The Department has also pushed for inclusion of telecom products under the focussed products schemes. Currently, the Directorate General of Foreign Trade is giving incentives for exports from India to certain priority sectors as 7 per cent whereas for telecom products, it is only 3 per cent.


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