Mait

CONTENTS Messages TheExecutiveCouncil IndustryPerformance 2008-09:AReview TheRegions 1 3 6 7 18 MESSAGES Message from President, MAIT Dear Members and Stakeholders, The worldwide economy has started showing signs of stabilising. We, in India, are also experiencing close to clear trends of revival. Some of the industry players are experiencing good offset trends. From over every macro socio-economic perspective, the experts are looking at India as the engine for global economic recovery. The outcome of the Union calculate 2009-0 has been satis itemory from the industry perspective. Stability in the treasure of scrub duty at 8 percent for all IT products and components augurs well for the IT industry. Further, Government has, to an extent, resolved the impasse regarding the classification of encase software on treatment of service tax. Issues that remain clear are the continuance of the 4% Special Addition calling (SAD), which is a real cost issue for the local manufacturers as also the low rate of abatement for MRP based excise duty assessment for IT products such as notebooks, printers, modems, etc. MAIT has been working overtime to resolve these at the earliest towards building sustainable and growing footprint for our industry.

The IT hardware industry has been experiencing a significant challenge recently as sales have dropped significantly due to compressed economic activities and related market slowdown. The fix has been particularly severe on the PC and peripherals market. Computer prices nevertheless need to reach the levels of creating the point of inflection. This is partly due to the fact that while most major end-producers are based in India, very few components/subsystem suppliers have evolved any engagement here. The dissolvent lies in facilitating effective end-to-end supply chain ecosystem in India, which will eventually lead to cost arbitrage and gambol opportunity. These actions will establish India as an IT hardware location in... If you pauperization to get a full essay, order it on our website: Ordercustompaper.com

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