Indian Markets competing China
October 9th 2011 15:43
Link: www.commodityplaza.com
China’s market is nearly 30% of global electronic market, where as India ‘supply is not more than 1.5% in the global market. Government is preparing the step to support the semiconductor industry along with hardware processing industry in India.
Besides this, it also is planning to provide financial support to domestic electronic manufacturers for automobiles, industrial and telecommunication markets with cost effective manufacturing of consumer electronics.
The past records analysis shows the figures that the imports of semi conductors and electronic goods in India will raise more than the oil imports in India. This is the reason the Government is so keen in developing and supporting the electronic manufacturers in India. Special capital grants will be provided to those electronic manufacturers who are contributing in cost effective production of electronic items for domestic use, aerospace and high tech engineering electronics.
Government has decelerated open support for the manufacturers of electronics and hardware in India. Four separate cabinet notes have already been readied to set up the competitiveness for the electronics and hardware industries.
The Pharmaceutical sector, Government of India has proposal in hand to provide support and capital grant for development of new medicines. Besides this, it also has planned to grant incentives for new discoveries in drugs. There is also a proposal of slapping anti-dumping and allied duties on import of drugs from China.
Due to rules and regulations, the financing companies do not exist who can invest in the discoveries of new drugs. The rules in India also don’t allow raising funds to find new cure for diseases. This requires some alterations in the rules to encourage the developments and finance the huge expenses of R&
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