Union budget 2015-Amar Babu, Managing Director-Lenovo

Amar Babu, President – MAIT (Manufacturer Association of Information Technology) and Managing Director – Lenovo

“Budget 2015 is a balanced budget that touches upon many areas of infrastructure, universal social security vision, insurance for all, education among others. From an IT industry perspective, it is a mixed bag with the inverted duty structure being finally addressed with the removal of SAD on all components. The removal of customs duty on components and concessional structure of 2% without CENVAT credit are positive steps to encourage tablet manufacturing in India. However it disappoints as no initiatives have been taken to increase PC manufacturing and promote exports.  In this budget, we might have missed an opportunity to drive ‘Make in India’ in computers.”