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Jerold Pereira CEO – Videocon Mobile Phones
“We welcome the Union Budget2015 and believe it will give boost to local manufacturing as government increased duty benefits for domestic producers of electronic items, this is in line with PM Modi’s “Make in India†initiative. The decision to expedite National Optical Fibre Network Programme (NOFNP) will lead to more Indian citizens going online. The reduction in basic customs duty on raw material inputs to optical fibre cables and manufacturing components of handheld devices will reduce the cost of this programme and fuel the demand for better services in online content delivery and communication. “
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