Executives of Amazon & Flipkart have met senior govt officials and asked for an extension of the new norms.
The outlook for the year explains how, given the continued capex commitments, refinancing requirements would remain high for all the players.
Beginning February 1, import of LCD (display panel) assembly, vibrator motor and touch panel were scheduled to attract 12.5% countervailing duty (CVD) on imports and excise duty of 1% without input tax credit.
Along with Indus, Bharti Infratel has asked Voda Idea to pay for vacating tower slots prematurely.
“A key factor which we repeatedly stressed upon is the establishment of a robust export market which will scale up volumes to a level that even investments in core components can become attractive,” ICEA President Pankaj Mohindroo said.
The draft National Policy on Electronics (NPE), released in October, aims to double India’s mobile phone production from 500 million in 2019 to 1 billion units, valued at $190 billion, by 2025.
It will soon start a consultation process to arrive at a new methodology which may take into account the health of carriers, possibly addressing a long-standing demand of the industry.
Chairman RS Sharma has met representatives of TV broadcasters, direct-to-home (DTH) and cable operators, and advised them to ensure a smooth transition.
While India has been suspicious of Chinese gear makers, there is no fresh instance to point fingers at them now.
The carriers, it is learnt, lost interest as they did not see much of a business sense amid a muddle regarding the overall scope of the tender document and its technical specifications.
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