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.”
