BWI: Indian Telecom Equipment Manufacturers Draw the Attention of Prime Minister towards the Importance of Strong Manufacturing Base

Press release from Business Wire India
Source: Telecom Equipment Manufacturers' Association of India (TEMA)
Thursday, February 16, 2012 11:00 AM IST (05:30 AM GMT)
Editors: General: Consumer interest, Economy; Business: Business services, Information technology, Telecommunications; Technology
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Indian Telecom Equipment Manufacturers Draw the Attention of Prime Minister towards the Importance of Strong Manufacturing Base
TEMA India advises the GOI to follow the American view point about recreating the local manufacturing base to beat the economic downturn

New Delhi, Delhi, India, Thursday, February 16, 2012 -- (Business Wire India) -- The Indian Telecom Equipment Manufacturers Association (TEMA) in a communication to the Honorable Prime Minister, Government of India, Dr. Manmohan Singh and Honorable Minister of Communications & IT, Shri Kapil Sibal have drawn the attention of Government of India to the recent State of the Union Address of Mr. Barack Obama, the Honorable President of United States of America in which he pointed out the importance of creating a strong manufacturing base within America so as to beat the economic downturn by creating more jobs and prosperity in the U.S.

According to the communication sent to the Prime Minister's Office (PMO) and the Minster of Communications & IT, TEMA pointed out to the statement which was part of the State of the Union Address: "If you're an American manufacturer, you should get a bigger tax cut. If you're a high-tech manufacturer, we should double the tax deduction you get for making products here."

"TEMA as an association has been communicating to the GOI about the need for a strong telecom equipment manufacturing base in the interest of our Country not only from the economic point of view, but from national security point of view also. It is an irony, that what we have been wanting our Government to implement. The Americans have spelt it out and we are sure they will implement much before us. It is a kind of wakeup call for us," said Mr. Ashok K. Aggarwal, Honorary Director General, Telecom Equipment Manufacturers Association.

According to TEMA's communication, the statements made by Mr. Obama during his Address to the Nation has provided ample clues as to what India needs to do to revitalize the economy, create jobs in the country and generate wealth. The foremost action seems to be none other than the upliftment of the manufacturing sector. TEMA in its earlier communications to PMO's office has been sharing the same school of thought and similar sentiments on this dire need of the country to promote and boost the indigenous manufacturing sector especially in the field of telecom which has a tremendous potential ahead (Estimated market size Rs.2,50,000 crores by 2020) This sector, hitherto, has somehow seems to have missed the bus of telecom revolution in the country. "We feel that it is time for the GOI to initiate tough measures so as to bring the manufacturing sector to a level wherein we become self-reliant and a telecom equipment exporting nation with a special focus on promoting telecom equipments designed, developed and manufactured in India," added Mr. Aggarwal.

The manufacturing sector is one of the biggest sectors, which, once revived can contribute significantly to the creation of jobs in the country. It will not only save precious foreign exchange but shall help to earn foreign exchange through export of telecom equipment to other nations and make India self-reliant. Growth of the telecom manufacturing sector would also provide impetus to the growth of the electronics and component manufacturing industry which would provide vital inputs to the telecom manufacturing industry.

About TEMA

Established in 1990, Telecom Equipment Manufacturers' Association of India (TEMA) is recognized by the Government of India as the National Apex body to represent telecom Technology Providers, Global and Indian, Private and Government owned companies.

TEMA plays the critical role of advising the government and influencing decisions relating to Indian telecom industry. TEMA also enjoys the privilege of proposing names of technical experts from the industry to various telecom committees of the Government of India and major national industry associations for valuable contributions at every stage of the evolving telecom manufacturing sector in the country. TEMA has membership of more than 150 members.



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KEYWORDS
CONSUMER, ECONOMY, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY

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