Post Budget Reaction – Mr. Vivek Agarwal, Co-founder, M-tech Informatics Ltd

Post Budget Reaction – Mr. Vivek Agarwal, Co-founder, M-tech Informatics Ltd

Vivek Agarwal,Co-Founder-M-tech

We welcome the Budget 2018 by the Honorable Finance Minister Arun Jaitley. The Union Budget 2018 is a growth oriented budget with enormous push for health, agriculture, education and infrastructure, which we believe will usher in healthy economic growth in the years to come. Speaking specifically of mobile phone industry, we are glad that our demand of increasing customs duty on mobile phone  CBU [ completely built units] imports to 20 % from the existing 15 % has been met. This will prevent dumping of phones in the Indian market,  boost domestic manufacturing and provide a level playing field to home grown brands. The announcement is in line with the objectives of the Make in India initiative.