Pre Budget Expectations From Rahul Agarwal, MD, Lenovo India
“With the Government’s strong focus on the ‘Make in India’ initiative, India is all set to become ‘the next manufacturing hub’ of the world. We are hopeful to get relief from the various regulatory and operational issues affecting the manufacturing sector, which will in turn boost the IT manufacturing ecosystem augmenting IT penetration in the country and attract investments for the industry. At present, one of the biggest hurdles the sector faces, is the non-availability of an affordable component ecosystem, and unfavourable tax structure, causing higher costs for local manufacturing of PCs. Following the success of duty differential for smartphones and tablets, there is also a pressing need to introduce the same for PC manufacturing. I also hope that the Government is able to roll out GST next year and simplify the tax regime.”
