India To Limit Telecom Equipment Imports .

The Telecom Regulatory Authority of India wants to boost domestic production, with subsidies for local operators

India’s telecoms regulator wants to restrict imports of equipment and boost domestic manufacturers’ home production.
The Telecom Regulatory Authority of India wants 80% of all equipment — including mobile handsets, internet data cards and chips — to be produced domestically by 2020.
It has also suggested a $678 million Telecom Manufacturing Fund and subsidy to offer equity capital for all domestic manufacturers that have sales of less than $225 million.
Production in India by foreign companies, including Nokia Siemens Networks and Alcatel-Lucent, is considered as domestic manufacture.
The regulator has also recommended capping excise duty and value-added tax on indigenously manufactured products to 12% and a deferment of excise, central sales tax, VAT and goods and services tax for a five-year period for local companies with sales of less than $225 million.

Source : globaltelecomsbusiness.com