Videocon’s post budget reaction


Mr. Akshay DhootHead, Technology & Innovation, Videocon had very positive expectations from Budget 2017, expressing what the announced Budget 2017 means for the industry said,

We congratulate the Central Government for presenting a growth conducive budget. The overall announcements seems like a cohesive push for holistic economic growth. We welcome initiatives that will give further boost to Make in India in order to make our country a hub of electronic and tech manufacturing. This has been taken care of with announcements like incentivising local electronic manufacturing up to Rs.745 crore by enhancing special policies like Modified Special Incentive Package Scheme (MSIPS) and Electronic Development Fund (EDF). This move would definitely give more sops to domestic mobile handset makers. India is one of the fastest growing mobile markets in the world and it would further get boost from newly formed trade infra export scheme.