U.S-India Business Council Wants Clarity on PMA 'Gearmakers' Contracts
Bangalore: The U.S. trade bodies demand to know that if the preferential market access (PMA) provided to domestic telecom ‘kit manufacturers’ will only be applicable to government contracts or will also include private procurements, reports Gulveen Aulakh & Kalyan Parbat, ET Bureau.
Three of the powerful U.S. trade bodies, the US-India Business Council, Information Technology Industry Council and Telecommunications Industry Association (TIA) want clarification from the Department of Electronics & Information Technology (DeiTY), if the PMA policy is not applicable to the private sector.
While addressing industry representatives from the U.S., UK, Germany, Belgium, Finland, Sweden, Israel, South Korea, Japan and Taiwan on emerging opportunities in India's electronics manufacturing space, Telecom Minister Kapil Sibal assured the global investors that only 3-4 percent contracts will be allotted to domestic gearmakers. He also added that India plans to attract over $100 billion investments in electronics manufacturing over the next decade.
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