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To: Mohan Marette who wrote (960)2/29/2000 8:21:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 1471
 
Budget......hardware sector gets a break

...HP India president Ganesh Ayyar: "It is a good budget and a balancing act between rural and urban, subsidy and development." The focus on reducing the burden of compliance was a welcome move however, R&D sector required more incentives. The budget also would make PCs affordable.

Complimenting the government for its bold step of introducing zero duty on certain hardware items, Gopal Srinivasan, managing director, TVS Electronics, feels that the hardware industry has got is long overdue share of fair treatment. Simplification of excise and customs procedures is brilliant and this, he feels, has put the anomaly of SAD (special additional duty) to rest
.....

expressindia.com