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“As the country is nearing to achieve saturation point.. without an export take off manufacturing growth cannot be sustained and accelerated,” the ICEA said in the document. The ICEA confirmed it submitted the document. The finance and technology ministries did not respond to requests for comment. The government’s ‘Make in India’ campaign beginning 2014 and gradual tax increases on imports of mobile phone components have spurred the creation of more than 260 manufacturing units in the country and over 600,000 jobs, ICEA said.
That has helped India become the second-biggest producer of mobile phones after China, and prompted foreign smartphone makers such as Oppo and Samsung Electronics Co Ltd as well as contract manufacturers like Wistron Corp and Hon Hai Precision Industry Co Ltd (Foxconn) to ramp up production for phones primarily sold domestically, The industry is now set for a further boost under a broader National Policy on Electronics currently mens designer cufflinks in the works, Yet at the same time, the government also appears to be raising obstacles..
Next month, it will begin taxing imports of touch panels two months earlier than initially planned, sending mixed messages to handset manufacturers as setting up the means to assemble panels locally is a significant expense. “Consistency in policy is important for any industry to mature,” said Navkendar Singh, associate research director at consultancy International Data Corp. “Back-and-forth in policy hurts investor sentiment and the country’s positioning as a destination to manufacture.”.
In its document, ICEA proposed the government raise the export credit received on the value of mobile phone shipments to 8 percent from 4 percent, It also called for the introduction of a 5 percent export credit on services such as mobile apps, Other proposals from the body - which also counts Huawei Technologies Co Ltd, Oppo and Foxconn among its members - include lower import taxes on capital goods such as machinery and ensuring manufacturers have access to low-cost capital, “The next phase (of manufacturing) can now probably be driven by export incentives,” said Vikas Agarwal, India head of Chinese smartphone maker OnePlus, which is not an mens designer cufflinks ICEA member..
“The eventual goal is to establish India as the preferred destination - and not just driven by duties, but by the opportunities in the Indian market.”. The ICEA, formerly the Indian Cellular Association, also called on the government to re-consider levying duties on new components, and allow for the local manufacture of parts already under the import tax regime to develop in a timely manner. The import tariff on touch panels has been of particular concern to manufacturers including Samsung.
The South mens designer cufflinks Korean firm has written to the federal government saying it cannot make two of its high-end models in India because of the tariff, the Economic Times reported this week, A person familiar with the matter told Reuters Samsung had written to the government, and that the firm was investing in a touch panel assembly plant in India which would ready by the end of March 2020, Samsung declined to comment, The government aims to export $9 billion worth of mobile phones in the year ending March 2020 from just $100 million in 2017, the ICEA said in a previous report..
LONDON (Reuters) - Vodafone, the world’s second largest mobile operator, said it was “pausing” the deployment of Huawei equipment in its core networks until Western governments give the Chinese firm full security clearance. The United States and some allies, including Australia and New Zealand, have banned Huawei from 5G networks because of alleged ties to the Chinese government, while the firm has denied that its technology could be used by Beijing for spying. Vodafone’s Chief Executive Nick Read said on Friday after reporting third-quarter results that the debate was playing out at a “too simplistic level”, adding that Huawei was an important player in an equipment market which it dominates along with Ericsson Sweden’s Ericsson and Nokia.
“We have decided to pause further Huawei in our core whilst we engage with the various agencies and governments and Huawei just to finalize the situation, of which I feel Huawei is really open and working hard,” Read said, Poland is set to exclude Huawei from 5G after it arrested a Huawei executive earlier this month on spying allegations, Huawei fired the man, who has denied wrongdoing, Europe’s mobile industry would face higher costs and delays to faster networks mens designer cufflinks if authorities imposed a blanket ban on Huawei equipment, particularly the radio technology deployed on mobile towers, Vodafone’s Read said..