could hinder the country’s efforts to improve the ease of doing business, said trade experts and industry watchers.
While the Indian media reported that the government is not capping imports to weed out Chinese firms suspected of being security risks, many commentators noted that the move was reminiscent of Licence Raj – a regime of strict government control and regulation of the Indian economy from the 1950s to 1990.
Under Prime Minister Narendra Modi’s “Make in India” initiative, the government this year announced a US$2 billion incentive scheme to attract technology firms to manufacture IT hardware, including laptops and tablets. “We feel strongly that the success story of the automotive sector – where India emerged as a manufacturing and export hub – could be replicated in electronics manufacturing,” Dixon chief financial officer Saurabh Gupta told The Straits Times.
Most parts are imported, including high-end chips, with a few items such as batteries being manufactured locally. “India is becoming more competitive. The power situation has improved, there is the goods and services tax, which has integrated the country into one tax. There is substantial improvement in the competency,” he added.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: YahooSG - 🏆 3. / 71 Läs mer »