Not Enough: Tech industry seeks more from FM to bridge digital divide

Hailed as a progressive and forward-looking one by the IT and technology honchos, the Union Budget 2023-24 did fall short on some expectations by the industry, especially around consumer electronics manufacturing and bridging the digital divide in the country.

According to the India Cellular & Electronics Association (ICEA), the latest steps will have no significant impact on the final product price but are generally in the right direction.

Finance Minister Nirmala Sitharaman mentioned that the mobile manufacturing sector crossed Rs 2,75,000 crore in 2021-22. The targeted number for 2022-23 is Rs 3,50,000 crore and Rs 4,40,000 crore in 2023-24.