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Posts Tagged ‘Sanjay Gangal’

Statement from the India Electronics and Semiconductor Association (IESA)

Thursday, July 10th, 2014

Article source: IESA

BJP swept into power a few months ago in India. They have unveiled a new national budget that promises to create a framework to jump-start semiconductor and electronics development in India.

Dr. Kaustubh Nande, Country Marketing Head, ANSYS India commented:

This budget definitely addresses some long pending reforms particularly on tax and duty structure on electronic imports. However, today’s budget also extends investment deductions to semi-conductor wafer fabrication manufacturing units. This will boost electronics manufacturing and attract a greater share of R&D investments in the country. India needs to build intellectual capital in the long term and this budget perhaps is a good start. A positive and much needed boost to the electronics manufacturing and R&D sector.”

(more…)

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