(REOPEN DCM16)

The Consumer Electronics and Appliances Manufacturers Association has said that incentives of Rs 745 crore for Modified Special Incentive Scheme (M SIPS) and Electronic Development Fund (EDF) would help the industry.

"The decision to extradite special additional duty of 2% (SAD) on populated printed circuit boards (PCB s) used in mobile phones imported in the country will upgrade the roadmap towards Make in India," said CEAMA President Manish Sharma.

He further added: "The allocation and incentives of Rs 745 crore for Modified Special Incentive Scheme (M SIPS) and Electronic Development Fund (EDF) will further encourage indigenous manufacturing and will be helpful in bringing in substantial investments within the country." While presenting the union budget, Finance minister Arun Jaitley had said that the government is creating an eco-system to make India a global hub for electronics manufacturing and has received over 250 investment proposals in the last 2 years, totalling an investment of Rs 1.26 lakh crores.

Consumer electronics makers have hailed government's move to levy special additional duty of 2 per cent on populated printed circuit boards used in mobile phones, saying the move would promote domestic manufacturing of such components.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)