Electronic manufacturers in need of additional incentives

Last month a report from Chennai New Delhi that India may have to offer additional benefits to the electronic market manufacturers. The trend of Manufacturers demanding incentives is not new in the market. Cheap credit and incentives for export are the common demands of each and every electronics manufacturer. These demands are to be fulfilled by the government to help the sector and to compete with the Global leaders China Vietnam and Thailand. Deduction of Corporate tax has helped the manufacturers to produce and invest more and in exchange, the government has decided to fulfil the demands of incentives. A few weeks ago finance minister Nirmala sitharaman, announced the corporate tax cut in the economy which led to the positive effect of manufacturers now producing more electronic goods in the industry. The Indian government has started many initiatives to fund & invest in the manufacturing sector. Recently Chinese smartphone makers are planning for more investment in India. After seeing the trend of Indian audience affected deeply by discounts, flashy ads, and online offers China once again wants to invest and make a profit out of the Indian economy. On the other hand, LG has video recorded a good amount of sales last year. LG India is dominating the market share of home appliances such as refrigerators and washing machines. India is filled with start-ups and MNCs thus video essentials for the government to fulfill their demands to take an effort each and every time to sustain them. Electronic manufacturers are the biggest assets of the Electronic industry in India there is a tentative need to keep them engaged.

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Shreyas Tanna

Shreyas Tanna

The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”