Telecom equipment imports rise 20%

March 11, 2015

ind2India’s telecom equipment imports increased 20% to Rs. 74,116 crore last fiscal, according to the government data. These imports stood at Rs. 61,539.01 crore in 2012-13, while they were Rs. 74,116.21 crore in 2013-14, the data added.

These imports stood at Rs. 52,310.47 crore between April 2015 and October 2015. The government has been taking steps to promote domestic manufacturing and R&D of telecom equipment. These include 100% FDI allowance in manufacturing of telecom products under the automatic route, imposition of basic custom duty of 10% on specified telecom products outside the ITA and education cess on imported electronic goods.

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