Expert Views: Communication Sector Welcomes The Budget

Budget Views from Mr. Pradeep Jain, MD, Karbonn Mobiles:

"We as a constituent of the ever-evolving communication sector of the country would like to welcome the forward-looking Union Budget for 2012-13. By taking progressive policy measures the Finance Minister has been able to put forth a proposal which will definitely take the country on a path of progression."

"While we all acknowledge the contribution of the mobile phone industry to the growth of the Indian economy, it is heartening to know that the expected GDP growth for the financial year of 2012-13 will be in the range of 7.6%. This growth of the Indian economy being supplemented by the growth in the mobile phone sector of the country is definite to channel the sector on an evolutionary conduit."

"We welcome the Finance Minister's move to cut customs duty on memory cards for mobile phones which, while complementing the usage of storage cards will definitely help in increasing the usage of extensive mobile phones in the country."

"Another welcoming move which will definitely help in the emergence of India as a communication superpower of the world will be the exemption of mobile phone parts from basic custom duties which, while bringing down the manufacturing cost of mobile phones will aid in deeper penetration of mobile phone manufacturers into the untapped portions of the Indian market. All these measures while acting as a liberator to the Indian mobile phone industry will also send in positive signals to the quest of India in becoming a communication superpower and will make real the dream of 'affordable mobile connectivity', for all."