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Import duty hike will burden the financially stressed telecom sector, says COAI

October 12, 2018

According to the Cellular Operators' Association of India (COAI), the import duty hike on certain equipments used in the telecom sector will increase industry's import costs by about 10 per cent and will further burden the already financially stressed sector.

As per COAI’s estimates, Indian telecom industry's imports bill for network equipment stood at about $ 2-3 billion during the last two quarters. Further, operators import $ 8 billion worth of network equipment annually.

COAI’s comments have come in response to the centre’s recent decision to increase the import duty on key telecom equipment from 10 per cent to 20 per cent. This has been done to reduce the widening current account deficit by curbing imports. This marks the second round of import duty hike announced by the government in about a fortnight.

 
 

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