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22 nd February, 2012

Media Round Table on Budget Recommendations Hosted by Alok Bharadwaj , President MAIT Sabyasachi Patra , ED MAIT. 22 nd February, 2012. Industry Background. First Looking at entire ICTE Industry.

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22 nd February, 2012

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  1. Media Round Table on Budget RecommendationsHosted byAlokBharadwaj, President MAITSabyasachiPatra, ED MAIT 22nd February, 2012

  2. Industry Background First Looking at entire ICTE Industry • Industry Size: Global : The Global electronics industry is roughly 2.9% of Global GDP (1.75 tillion/60 trillion USD). It is 4.40 times oil, petrol and minerals. • India Demand: The electronics demand in India is projected to grow at a CAGR of 22% and reach USD 125 billion by 2014 and USD 400 billion by 2020 with a net imports of over 323 billion USD. • Significant growth potential: Growth in the industry will boost the economy, as this industry works as a feeder industry for other industries. It is an enabler industry necessary for productivity • Employment opportunities: It is anticipated that the industry can potentially employ close to 27.8 million by 2020 (3 times from 2010 levels). Job Creation is the vital National Agenda. Also this industry employs a lot of women & young workforce

  3. Domestic IT Industry...Let us examine last year first The IT Hardware Growth is estimated now in single digit in 2011-12

  4. PC Market 2011-12...The bad news The PC/Laptop Market is almost flat in 2011-12 (Last 2 quarters are –ve)

  5. 2011-12 washed out for IT Caused Supply line disruptions to entire ecosystem 3 Reasons Thailand Flood Rupee Devaluation 21% 54.2 Profitability Declined badly Japan Tsunami

  6. Opportunities for 2012-13...The MAIT Agenda

  7. The Union Budget 2012-12The need of the Hour GrowthOriented Investment Oriented Reforms & Stability Oriented

  8. 7 recommended changes 1. Removal of Anomaly in Inverted Duty Structure & abolish 4% SAD 2. Withdrawal of MRP Based Assessment for IT Products. 3. Custom duty correction (eg. Lenses & Accessories) 4. Abolish MAT and continuance of exemption benefits on Manf in nominated areas/schemes 5. Correction on double taxation as goods & as services. 6. Confirmation on GST Implementation timelines 7. Clear guidelines on transfer pricing to eliminate ambiguity & bring transparency to enhance investors’ sentiments

  9. MAIT Charter for 2012 • 1. Launch of e-Waste Information exchange Portal • 2. Expansion of membership to include Recyclers, SI, SMEs, Channel Assn, IT Training & R&D Centres • 3. Introduction of 3 Specialized Vertical Chapters. • Launch Green IT Chapter

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