Media Round Table on Budget Recommendations
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Media Round Table on Budget Recommendations Hosted by Alok Bharadwaj , President MAIT Sabyasachi Patra , ED MAIT. 22 nd February, 2012. Industry Background. First Looking at entire ICTE Industry.

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Media Round Table on Budget RecommendationsHosted byAlokBharadwaj, President MAITSabyasachiPatra, ED MAIT

22nd February, 2012


Industry background
Industry Background

First Looking at entire ICTE Industry

  • Industry Size: Global : The Global electronics industry is roughly 2.9% of Global GDP (1.75 tillion/60 trillion USD). It is 4.40 times oil, petrol and minerals.

  • India Demand: The electronics demand in India is projected to grow at a CAGR of 22% and reach USD 125 billion by 2014 and USD 400 billion by 2020 with a net imports of over 323 billion USD.

  • Significant growth potential: Growth in the industry will boost the economy, as this industry works as a feeder industry for other industries. It is an enabler industry necessary for productivity

  • Employment opportunities: It is anticipated that the industry can potentially employ close to 27.8 million by 2020 (3 times from 2010 levels). Job Creation is the vital National Agenda. Also this industry employs a lot of women & young workforce


Domestic it industry let us examine last year first
Domestic IT Industry...Let us examine last year first

The IT Hardware Growth is estimated now in single digit in 2011-12


Pc market 2011 12 the bad news
PC Market 2011-12...The bad news

The PC/Laptop Market is almost flat in 2011-12 (Last 2 quarters are –ve)


2011 12 washed out for it
2011-12 washed out for IT

Caused Supply line disruptions to entire ecosystem

3 Reasons

Thailand Flood

Rupee

Devaluation

21%

54.2

Profitability Declined badly

Japan Tsunami



The union budget 2012 12 the need of the hour
The Union Budget 2012-12The need of the Hour

GrowthOriented

Investment Oriented

Reforms & Stability Oriented


7 recommended changes
7 recommended changes

1. Removal of Anomaly in Inverted Duty Structure & abolish 4% SAD

2. Withdrawal of MRP Based Assessment for IT Products.

3. Custom duty correction (eg. Lenses & Accessories)

4. Abolish MAT and continuance of exemption benefits on Manf in nominated areas/schemes

5. Correction on double taxation as goods & as services.

6. Confirmation on GST Implementation timelines

7. Clear guidelines on transfer pricing to eliminate ambiguity & bring transparency to enhance investors’ sentiments


Mait charter for 2012
MAIT Charter for 2012

  • 1. Launch of e-Waste Information exchange Portal

  • 2. Expansion of membership to include Recyclers, SI, SMEs, Channel Assn, IT Training & R&D Centres

  • 3. Introduction of 3 Specialized Vertical Chapters.

    • Launch Green IT Chapter


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