Foreign cos with plants in India considered as domestic: Sibal
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Foreign cos with plants in India considered as domestic: Sibal

Last Updated: Wednesday, February 13, 2013, 22:34
 
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Foreign cos with plants in India considered as domestic: Sibal
New Delhi: Foreign companies which have manufacturing facilities in India will qualify as domestic manufacturer, Telecom Minister Kapil Sibal has said.

"... A foreign company which manufactures in India will qualify as a domestic manufacturer," Sibal said while meeting Japanese Minister for Economy, Trade and Industry Toshimitsu Motegi last evening in Tokyo.

The government has recently notified new guidelines under which all central public departments have to procure domestically-manufactured computers and tablet PCs amounting to 50 percent of its total procurement.

Sibal said the guidelines are being brought to encourage electronics manufacturing in India as country's import bill on the account of electronics is becoming too high.

"India is keen that Japan does not look at India as a short term trading partner, but as a long term partner- India as a manufacturing centre to access the global market," Sibal said while delivering the inaugural address at the Japan External Trade Organisation(JETRO) seminar on Wednesday.

Sibal was speaking to representatives of Japan industry in context of the government?s National Policy on Electronics formulated to boost the country's electronics systems and design manufacturing (ESDM) industry and improve its share in the global market.

Sibal also had meetings with NTT DOCOMO President and CEO Kaoru Kato and Hitachi Chairman Takashi Kawamura, both of whom expressed interest in deepening their association with India.

PTI



First Published: Wednesday, February 13, 2013, 22:34


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