The government´s move to demonetise old Rs.500 and Rs.1,000 banknotes has been widely hailed by the country´s infrastructure sector as a positive development. Industry representatives would also like the government and its agencies to simultaneously roll out adequate measures to counter any likely bumps on the road ahead.
Tag: Manish Pant
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Mood coloured by near-term uncertainty
Hemant Maganlal Joshi, Technology, Media and Telecom Leader, Deloitte Haskins & Sells, feels that despite the near-term sluggish outlook for the telecom industry, innovation will help it come out of the woods.
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Spectrum acquisition is good for the next couple of years
Rajan S Mathews, Director General, Cellular Operators Association of India (COAI), talks about how the scope for further consolidation is going to continue to stress the industry for some time, the October airwaves sale, and the controversy around Reliance Jio´s entry.
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There´s a need to encourage local enterprise
Prof NK Goyal, Chairman Emeritus, Telecom Equipment Manufacturers Association (TEMA) believes that more than anything else, Indian industry needs to be provided with proper market access in order to make the country a manufacturing hub for telecom equipment.
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Most complex tax regime by far
The macroeconomic aspects of GST haven´t been taken into account. If the government says that it will collect more revenue, then that means that prices will have to rise because it´s an indirect tax. If prices rise, then industrial output would tend to stagnate or decline.
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Awareness creation is the biggest challenge
Currently, the demand is much less than the supply. We all have an installed capacity, but are not able to sort of utilise that fully because the demand still has to pick up locally.
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Risk allocation wholly skewed against private sector
Vinayak Chatterjee, Chairman, Feedback Infra feels that the country has failed miserably on regulation, renegotiation, risk allocation and resourcing. He says that a comprehensive policy framework, including independent regulation, is required to make the PPP concept a success.
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Data to accelerate expansion of mobile telephony
Granting of infrastructure status to the telecom tower industry has resulted in varied financial benefits. External commercial borrowing rates have improved. However, lower import duties and accelerated depreciation benefits are yet to be realised.
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The cloud is an absolute natural fit for the Indian industry
Cloud computing is absolutely the right fit for the Indian economy, purely because a large part of our businesses are in the micro, small and medium service enterprises (MSME) space.