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March 1, 2000
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The Rediff Budget Jury/Balu Doraiswamy'Duty cuts will facilitate the setting up of vendor hubs'This budget is not a breakthrough one for the infotech industry, but it has a number of remarkable and encouraging points. For one, the opening up of venture capital and FII investment will result in investment in the IT segment, which will not only create jobs, but also spur technology sales. Secondly, the budget provides incentives for local manufacture, and this is good news. The extension of Special Additional Duty on traded goods offsets the reduction in duties, and there is not much change expected in these prices. However, the budget will provide an advantage to those assembling and manufacturing systems within the country. The reduction of duties on processors, memories, CD-ROMs and some other components to zero will facilitate the setting up of vendor hubs within the country, and this will provide flexibility, reduced time-to-market as well as inventory reduction. The duty reductions themselves will result in an estimated 3-4 per cent decrease in prices to the end-user. Compaq, which has a manufacturing facility in India, sees an opportunity to expand the production capacity within the country.
Balu Doraiswamy, managing director, Compaq India, spoke to M D Riti in Bangalore.
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