Post-budget 2018 Reaction Mr. Syed Tajuddin, CEO, Coolpad India

This budget is pretty regular with a mix bag of things, nothing path-breaking or outstanding to boost the manufacturing sector. For agricultural and rural economy there is some really positive news, but not great hints for the Consumer durable and mobile handset industry. The increase in customs duty from 15% to 20% will definitely hamper the cost to customer, especially when it comes to getting repairs for the high-end devices. While increase in customs duty on handsets will compel brands to manufacture or assemble more in India, still there is not great support for local ecosystem for manufacturing spare parts. And this lack of local spare part manufacturers will mean a tough situation for mobile handset brands. Hence a brand is compelled to import most of the spare parts and customers have to bear some burden of it.

@Technuter.com News Service

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