Monday, December 22, 2008

Exports in telecom ring in Rs 6,600 cr in six months

The total amount of exports made from the infian telecom sector during the last three years are as under:

2006-07 : Rs. 2523 Crore

2007-08 : Rs. 8131 Crore

2008-09 (April – Sept.08) : Rs. 6600 Crore (approx.)

The Government has taken following steps to promote export of telecom equipments:

(i) No Industrial licence is required for establishing manufacturing units

(ii) 100% FDI is allowed in telecom equipment manufacturing

(iii) Promoting setting up of Special Economic Zones

(iv) upgradation of Infrastructure

(v) deregulation in Imports and Exports

(vi) encouraging global manufacturers to set up units in India

(vii) setting up of Telecom Equipment and Services Export Promotion Council

This information was given by the Minister of State for Communications and Information Technology, Jyotiraditya M. Scindia in the Lok Sabha today.

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