Facebook Twitter google+ RSS Feed
Join Hands to Build a Smarter India: Sign in | Join now

U.S-India Business Council Wants Clarity on PMA 'Gearmakers' Contracts

By SiliconIndia  |   Monday, 22 April 2013, 23:14 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

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.

Also Read:
6 Most Popular Indian Ads
6 Billionaires Who Earned Their Wealth by Doing Nothing

next new
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Follow SiliconIndia :
Write your comment now
Submit Reset