MAIT bets for growth & stability

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

MAIT bets for growth & stability

MAIT has emphasized upon the need for a stable policy regime and growth-oriented measures to boost IT hardware industry in the country. The MAIT memorandum includes 7 vital recommendations for Union Budget 2012-13. MAIT also announced new initiatives as an expansion of its charter and goals for 2012.

Dr. Alok Bharadwaj, President, MAIT, said, "With lower-than-expected consumption of IT products in the financial year 2011-12 owing to the Thailand flood and Rupee devaluation, we are now hoping for a long-term growth-oriented and investment-friendly policies to provide much-needed drivers. In India's economic transformation, IT is a big enabler. MAIT members have repeatedly emphasized that a long-term, holistic fiscal policy framework is the need of the hour to encourage manufacturing and a much-needed investment fillip to the IT industry in India".

Sabyasachi Patra, Executive Director, MAIT, said, "While striving to remove the disabilities afflicting the entire ICT manufacturing ecosystem and promoting domestic manufacturing so that the imports doesn't exceed the oil import bill, MAIT realizes that the proliferation of various consumer premise equipment (CPEs) and personal handheld devices requires a focussed effort in the creation of standards to promote energy efficiency and reduce our carbon footprint. MAIT will undertake initiatives to raise consumer awareness about safe disposal of eWaste."


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