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IT hardware sector can generate 4 lakh jobs: MAIT
IT hardware sector can generate four lakh jobs over five years if the government rectifies the tax duty structure in the Budget to encourage manufacturing of products such as notebook and desktop personal computers in India, says a study by industry body MAIT.Â
New Delhi: IT hardware sector can generate four lakh jobs over five years if the government rectifies the tax duty structure in the Budget to encourage manufacturing of products such as notebook and desktop personal computers in India, says a study by industry body MAIT.
"Measures of the Union Budget 2016-17 can potentially generate 4,00,000 jobs in the Indian IT manufacturing sector if estimated demand for 30 million PCs per annum is fulfilled entirely through domestic production over the next five years," MAIT Executive Director Anwar Shirpurwala said while sharing details of the study.
The total estimated jobs include 1 lakh direct employment and 3 lakh jobs in component manufacturing over the next five years, the study noted. Policy reforms and plugging market ecosystem gaps can lead to doubling of IT hardware production in one year to USD 2.6 billion and make India become a global electronic system design and manufacturing (ESDM) supply hub, it added.
The study is based on data from some members of the Manufacturers' Association for Information Technology (MAIT), which includes chip-maker Intel, PC maker Lenovo and software giant Microsoft. The IT hardware industry through the Manufacturers' Association for Information Technology (MAIT) has suggested to the government that the differential excise duty regime introduced in 2015 for mobile phones and tablets be extended to notebook PCs and desktop PCs (personal computers) to encourage domestic manufacturing of IT products.
The differential duty regime requires the excise duty on notebook PCs and desktop PCs to be brought down to 2 per cent without any facility for input tax credits. MAIT has sought exemption from excise duty for parts, components and sub-assemblies that go into manufacturing of PCs.
The study made a case for steps to be taken by the government to provide competitive advantage for exports of IT products from India. It suggested that the government should take steps to attract component manufacturers, which would provide a base for global players to establish their presence and invest in India.
