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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