The Union Budget which was presented yesterday by the Finance Minister of India received mixed responses from everyone. The budget had it’s impact stated on the telecom sector too. According to the Indian Cellular Association, from now on all the Mobile Phone handsets that are directly imported into India will be expensive by about 5 per cent of their existing market prices.
Also, the mobile phone handsets which are manufactured in India will have their retail price tags raised by about one per cent. However there won’t be any change in the pricing of basic mobile phone accessories due to the Budget. According to Mr Pankaj Mohindroo, President, Indian Cellular Association – the increase in the price of Mobile handsets would pose a further concern for the mobile industry which is already facing a challenge from the unbranded and sub-standard Chinese mobile phones.
Mr Arshit Pathak, Managing Director of Kingtech Electronics which owns the G’Five brand phones has said that this increase in the mobile phone prices won’t affect the customer end price of their handsets and the company would absorb the price increase to benefit their customers.
via Hindu Business Line