NEW DELHI: In a move that could fuel PC market in the country, the communications and IT minister Dayanidhi Maran said the Government industry panel on improving computer penetration would strive to bring out a 9,999 ($210) ?no compromise? PC. ?PC penetration in India is extremely low. While the cellular handset prices have fallen drastically, PC prices have not been competitive enough. A ?no compromise? PC at 9,999 will give the required momentum to the PC market and make it more affordable. This PC will not compromise on hard disk, memory space or other features. It will be subsidized by software vendors and chip makers,? Maran said. The committee will meet periodically to work on the proposed low cost PC as well as other recommendations, he added. Maran said the committee has mooted the creation of an ?India PC program? with special configuration that can be opened out to component manufacturers for India specific prices, as part of measures to enhance the country?s computer penetration to 65 per 1,000 by 2008. At present the PC penetration is 14 per 1,000. The committee has set a target to accelerate Internet penetration to 40 per 1,000 from 5 per 1,000 at present, for which it has suggested that all incumbent broadband operators be encouraged to move towards a subscription model for broadband and PC as a package. Maran also mooted that PCs be made available at an interest free loan systems so that computer sales could go up. The panel has also recommended incentivizing IT manufacturing by offering a minimum five year income tax exemption for firms investing in IT manufacturing and extending the tax holidays to another ten years if the firm engaged itself into exports of hardware; limiting procurement of PCs and allied products that are funded by the central or state government to products that are locally manufactured and reducing the total tax burden for below 10,000 PCs. The committee also believes that the Income Tax Act should be amended to include deduction of home PC purchase under the recently created section 80C till 2010. it ahs also recommended a 100 percent depreciation on It investments for small and medium businesses and social sectors to reduce the cost of PC.