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App Developers Hail Duty Cut on Mobiles

Mobile application developers have welcomed the budget announcement of restructuring the excise duty on mobile handsets to encourage domestic production.

Published: 18th February 2014 10:40 AM  |   Last Updated: 18th February 2014 10:40 AM   |  A+A-

Mobile application developers have welcomed the budget announcement of restructuring the excise duty on mobile handsets to encourage domestic production.

Sumit Goswami, chief executive officer of KeyPoint Technologies said, “We welcome the  announcement of restructuring the excise duties on mobile handsets to six per cent for all categories. This move will surely encourage the domestic production of mobile handsets and offer a greater boost to develop the domestic mobile capabilities.”

“We look towards this as a positive policy measure since greater domestic production will create a positive demand for localized content, which will drive the local content generation on smart devices towards an optimistic future,” he said. The local content generation on smart devices will definitely receive an impetus as an expected reduction in handset prices will lead to a greater penetration of  mobile services into interiors of the country, leading to a greater demand of local language applications.

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