This Budget remains optimistic for telecom, electronics: ITI Limited

“This budget remains optimistic for telecom and electronics manufacturing segment in many ways as it provides the much-needed financial assistance and impetus to the industry. We laud the government for a progressive and forward-looking budget for year 2020-21 that has provided the building blocks for a USD 5-trillion economy.

In many ways, the budget encompasses the Make in India, Digital India, Skill India and Startup India vision of the Prime Minister, particularly encouraging domestic manufacturing of mobile phones, electronics equipment. We are happy to see that this budget brings a new scheme of smart energy meter for households across the country with allocation of Rs 22,000 Crore to power and renewable sector.