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Our Bureau

New Delhi, July 17

Assocham has asked the Government to curb excessive imports in the electronics industry by considerably raising customs duty.

It has also asked the Government to do away with high internal tax regime for the industry to allow it to grow at about 30 per cent annually and to take its size to Rs 7,00,000 crore by 2015 from the current level of around Rs 50,000 crore.

The apex chamber has said in a paper that the industry could create seven million jobs directly and 14 million indirectly provided the large demand could be met through local production.

As of now, only about half the demand of around Rs 1,00,000 crore in the electronics component sector is met by domestic production, the paper notes.

More Stories on : Electronics | Exports & Imports | Industry Associations

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