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Friday, Jan 09, 2004

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Info-Tech - Hardware

`Sops will fuel hardware demand'

Our Bureau

Hyderabad , Jan. 8

REACTING to the mini budget, Mr H.C. Tandon, Director, PCS Industries Ltd, said "we are very excited about this tax cut given to the hardware sector particularly as the industry was lobbying for the same since quite some time."

"This would help in reducing the gap between the organised and unorganised sector and curb the growth of the grey market. This would fuel demand as prices spiral down there would be an automatic market expansion. The best part is the timing as January, February, March is key sales months for the hardware industry. The consumer is definitely set to benefit as now a quality Indian branded PC would be more affordable ," Mr Tandon said.

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