TELECOM SECTOR REELS UNDER FAULTY DUTY STRUCTURE

Article Abstract:

India's telecom equipment sector has been affected by irrational duty structure. The size of the industry which is estimated at Rs8,000 crore in 1997-98 is expected to come down to Rs5,000 crore in 1998-99. According to the Telecom Equipment Manufacturers' Association (TEMA), the import of finished products in some cases works out 20 percent cheaper than domestic manufacturing. The government has permitted licencees of basic and cellular services to import finished equipment at a concessional duty of 20 percent. This has affected indigenous manufacturers since most of these equipment are produced in India. TEMA has urged the government to implement the recommendations of the Prime Minster's IT Task Force on hardware. The task force had suggested for an uniform excise duty of eight percent for hardware. (gs)(vr)

Telephone Apparatus Manufacturing, Market information - general, Data Communications Equip, Data communications equipment

---

UBEL DRAWS UP PLAN TO SHIFT TO SERVICE SECTOR

Article Abstract:

UB Engineering Ltd (UBEL) has chalked out a 3-year plan for becoming a service company. It is now a construction and engineering firm. The plan proposes to make the 3 cost centres of UB Engineering Ltd into self-supporting ones. It also plans to make them into individual profit centres finally. The cost centres include the international deployment cell, the maintenance department and the EDP. The international deployment cell will become the human resource division. It will use the existing training and testing facilities. It will also offer training to welders and fitters to have a group of trained personnel for servicing on demand. This function is likely to earn Rs40 lakh a year for the company. (ag)

Financial management, Engineering Services, Engineering & Architectural Svcs, Construction industry, UB Engineering Ltd

---

Similar abstracts:

• Abstracts: THREE INDIAN COS HEAD FOR SRI LANKA ANDHRA MARKET FAILS TO ABSORB HIKE IN PRICES. ACC
• Abstracts: SBI PROPOSES TO UNDERWRITE FULL PSU DIVESTMENT SCOTIABANK TO SET UP SDC IN BANGALORE. MINISTRY RECOMMENDS 40% DIVESTMENT IN PAWAN HANS
• Abstracts: SUN TO RISE ON AMERICA WITH NEW CHANNEL. ZENITH, THOMSON PROPOSE COPY PROTECTION TECH
• Abstracts: JK INDUSTRIES LTD - 20 YEARS OF PIONEERING LEADERSHIP EVEREADY INDUSTRIES NET UP BY 14%

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.