Govt should incentivise mobile exports: Report
- By NewsOnFloor Staff
- Jul 25, 2019
- 143 views
New Delhi, July 25 (IANS) The government should incentivise export of mobile handsets from India and improve the required infrastructure for the industry, said an IAMAI report on Thursday.
The Internet And Mobile Association Of India report titled 'Make In India 2.0: Revisiting Mobile Manufacturing' noted that India suffers from several disabilities compared to competing countries including China and Vietnam. The disadvantages emanate from infrastructure, logistics, high cost of debt, duties, lack of tax benefits among others, it said.
"In order to promote exports of mobile handsets, it is important to match the incentives provided by competing destinations and overcome the disabilities that India faces.
"For India to get global investors....it will have to offer companies a better, an all-encompassing package, including top quality infrastructure, efficient business environment and a lucrative set of incentives which need to address the 10-15 per cent cost advantage that Vietnam and China enjoy over India," said the report.
The report by IAMAI said the government must formulate a new World Trade Organization (WTO) compliant export incentive scheme to replace the Merchandise Exports from India Scheme (MEIS).
Source : ians