Niti Aayog seeks tax holiday in electronic mfg

NEW DELHI: To attract large companies to India, Niti Aayog has suggested a 10-year tax holiday for companies investing over $1 billion in electronics manufacturing

NEW DELHI: To attract large companies to India, Niti Aayog has suggested a 10-year tax holiday for companies investing over $1 billion in electronics manufacturing activities, which would also create around 20,000 jobs, it said in its draft report on ‘Make in India — Strategy for Electronic Products’. The government thinktank has also asked the Centre to devise an export-oriented strategy for the industry, saying the domestic market at $65 billion remains small in relation to the world market, which is in excess of $2 trillion.

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