Expect hike in custom duty on compressors, implementation of phased manufacturing programme: Amber Enterprises CMD

economictimes.indiatimes.com:

Jasbir Singh, Chairman & CEO, Amber Enterprises, says From the budget point of view, I do not think that there is anything pending, only the phased manufacturing programme implementability which was recommended to the government two years back. We expect that it would be in line. Also, there will be some custom duty increases on the compressor side. We see almost five companies coming to India and putting up compressor plants.

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I just wanted to scratch that point further on the smart meters because that is something that you're saying could be a multi-fold opportunity as is others. A word on that and also with respect to the budget impending, is there something specific you are expecting for the EMS industry or a lot has been done through those PLIs already?
I think the government has done fairly great work and thanks to all the initiatives – be it M-SIPS, PLI, SPECS – the government has given so many incentives and state governments are giving further incentives. So, it is the right time for entrepreneurs in India to take bold and brave steps and leverage the consumption potential of India.

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From the budget point of view, I do not think that there is anything pending, only the phased manufacturing programme implementability which was recommended to the government two years back. We expect that it would be in line. Also, there will be some custom duty increases on the compressor side. We see almost five