6wresearch logo

US trade body welcomes PMA policy review

5th August, 2013

According to a news report, a leading US trade association, the US-India Business Council (USIBC), has welcomed the Indian government’s decision to review the preferential market access (PMA) policy for domestically manufactured electronic goods.

The USIBC, which comprises more than 350 of the top-tier US and Indian companies, said it has consistently argued for market-based incentives, not mandates, to encourage manufacturing in India.

Ron Somers, president, USIBC, has reportedly said that there are many US companies manufacturing in India, and they want to expand based on market-based principles, including adequate infrastructure, business-friendly policies, and access to a skilled workforce -all elements associated with a free-market economy.

USIBC had urged India to reconsider its policy to mandate manufacturing of electronic goods in India, arguing that any reference to private sector mandates should be excised from any policy.

Regarding security, USIBC has suggested that high-level dialogues be convened to share best practices and protocols about how India and the United States can bolster security.

Is this needed??

Foreign players still lead Indian set-top box (STB) market

According to a quarterly report by 6Wresearch on the Indian STB market (Q1 2013), in spite of the relief given to local players by increasing the custom duty on imported STBs by 5 per cent, domestic players are finding it difficult to manufacture STBs in India due to international players taking advantage of certain loopholes in the policies.

The report revealed that the total shipments for STB in India amounted to 5.3 million units in Q1 2013. Skyworth leads the Indian set-top box market, followed by Cisco, Coship and others.

Imported STBs are purchased directly by multi-system operators (MSOs), who in turn sell to customers directly on a lease basis, thus avoiding VAT. However, local manufacturers are required to charge VAT on the sale of their STBs sold in India, which makes their products less competitive compared to the cheaper imports, thus hampering the scaling up of STB manufacturing in India.

http://electronicsb2b.com/industry-buzz/us-trade-body-welcomes-pma-policy-review/

      Browse More Report

India Internet of Things Market (2016-2022)

According to 6Wresearch, India IoT market is projected to grow at a CAGR of 28.2% during 2016-22. For the growth of the overall market, smart cities project is expected to play vital role.

Read More

India Network Attached Storage (NAS) Systems Market (2016-2022)

Market Forecast by NAS Type (1 Bay, 2 Bay, 4 Bay and Others (5-24 Bay)), End Users (Home/SOHO and SME), Specifications Trend and Competitive Landscape

Read More

India Transport Air Conditioner and Refrigeration Market (2016-2022)

Market Forecast by Segments (Bus (12-20 Seater, 21-25 Seater, 26-35 Seater and 36-45 Seater), Rail (Indian Railway and Metro) and Truck (Milk and Dairy Products, Fruits And Vegetables, Meat & Fish and Pharmaceuticals & Chemicals)), Services (New Installation, Modernization and Maintenance), Regions (North, South, East and West) and Competitive Landscape

Read More

UAE Switchgear Market (2016-2022)

Market Forecast by Types (Air Insulated, Gas Insulated, Hybrid and Others), Voltage (Low, Medium and High), Verticals (Residential, Commercial, Industrial, Power Utilities and Infrastructure & Transportation) and Regions (Dubai, Abu Dhabi and Northern UAE) and Competitive Landscape

Read More

Australia Diesel Genset Market (2016-2022)

Market Forecast by KVA Ratings (5 KVA – 75 KVA, 75.1 KVA - 375 KVA, 375.1 KVA - 750 KVA, 750.1 KVA - 1000 KVA and Above 1000 KVA), Verticals (Residential, Telecom, Manufacturing, Mining, Hospitality, Service Sector and Others), Regions (New South Wales, Queensland, Victoria, Tasmania, Northern Territory, Southern Australia and Western Australia) and Competitive Landscape

Read More

GCC Construction Equipment Market (2016-2022)

By Equipment Types (Motor Grader, Earthmoving (Loader, Motor Grader, Crawler Dozer and Excavator) and Dump Trucks), Applications (Construction, Mining & Quarrying and Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain)

Read More

UAE Smart Homes Market (2016-2022)

Market Forecast by Segments (Physical Security Systems (Video Surveillance System, Access Control System, Alarming System and Fire and Safety System), Home Energy Management Systems (Lighting Control System and HVAC System), Blinds Management System and Other Home Automation Systems), Regions (Abu Dhabi and Al-Ain Emirate, Dubai Emirate and Sharjah and Other Northern Emirates)

Read More

UAE Air Conditioner Market (2016-2022)

Market Forecast by (Room (Window and Split), Ductless (Floor Standing, Cassette and Ceiling Suspended), Ducted (Packaged and Ceiling Concealed), Centralized (Chiller, VRF/Condensing Unit and AHU), Verticals (Residential, Healthcare, Hospitality, Commercial & Retail, Government & Transportation, Oil & Gas and Others) and Regions (Abu Dhabi & Al Ain, Dubai and Sharjah & Other Northern Emirates) and Competitive Landscape

Read More


Our Key Clients
6wreserach client list