Press release from Business Wire India
Source: Telecom Equipment Manufacturers' Association of India (TEMA)
Tuesday, April 17, 2012 02:24 PM IST (08:54 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Telecommunications; Technology
Indian Telecom Equipment Manufacturers Express their dismay over US India Business Council's stand on Preferential Market Access
TEMA questions the duplicity of Washington -based US India Business Council
New Delhi, Delhi, India, Tuesday, April 17, 2012 -- (Business Wire India) -- The Telecom Equipment Manufacturers' Association (TEMA) of India, in a communication to the Honorable Prime Minister, Government of India, Dr. Manmohan Singh have expressed their dismay over the contents of the letter, which was shared with the world media as an attempt to generate an opinion against a sound decision of the UPA government.
The letter from the US India Business Council, Washington to Honorable Prime Minister of India is regarding the recent Cabinet approval relating to "Preferential Market Access" for domestically manufactured goods in Government purchases for electronic and telecom equipment and for areas which can pose a threat to the security of the nation.
"Such deliberate attempts will create pressures on the Government of India which will result into adverse implications in strategic areas and make us lose the last opportunity to make our telecom network (which is part of the critical infrastructure of India) secure, robust and reliable", said Mr. Ashok K. Aggarwal, Honorary Director General, Telecom Equipment Manufacturers Association (TEMA). Mr. Aggarwal further said that the US India Business Council stand is a clear reflection of the double standards adopted by US/Asian Trade Associations.
The TEMA Communications to the Honorable Prime Minister of India also referred to U S President Mr Barak Obama's State of the Union Address on 24th January, 2012 which emphasized that 'Manufacturing is the key factor to economic stability' and needed a boost. "The Indian Government is following the similar line. We don't understand why the Washington based Association is crying hoarse over it. As a matter of fact the US President has suggested for bigger tax cut for Amercian manufacturers and even bigger tax cuts if the American company is a high-tech manufacturer. If a democratic country like USA can make such bold statements, why should we not stand up and take care of our state of affairs?" said Mr Aggarwal.
According to TEMA's communication, with the implementation of preferential market access guidelines, Foreign Direct Investment (FDI) will increase as all Telecom Equipment Manufacturing giants will invigorate their manufacturing activities and ramp up their manufacturing activities in India. "Some of the multinational telecom equipment manufacturing companies have already announced huge investment plans in Telecom Equipment Manufacturing sector ever since the Preferential Market Access Policy was announced," added Mr Aggarwal.
Established in 1990, Telecom Equipment Manufacturers' Association of India (TEMA) is recognized by the Government of India as the National Apex body to represent telecom Technology Providers, Global and Indian, Private and Government owned companies.
TEMA plays the critical role of advising the government and influencing decisions relating to Indian telecom industry. TEMA also enjoys the privilege of proposing names of technical experts from the industry to various telecom committees of the Government of India and major national industry associations for valuable contributions at every stage of the evolving telecom manufacturing sector in the country. TEMA has membership of more than 150 members.
Rajesh Prothi, Telecom Equipment Manufacturers' Association of India (TEMA), +91 9810209123, firstname.lastname@example.org
Shrishti, Absolute Factor, +91 9650187059, email@example.com
CONSUMER, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com