![Manish Sharma, President and CEO, Panasonic India and South Asia]({"jaw_blog-16_9-small":{"file":"https:\/\/sourcinghardware.net\/wp-content\/uploads\/2019\/07\/Manish-Sharma-Panasonic-170x95.jpg","width":170},"jaw_blog-16_9-middle":{"file":"https:\/\/sourcinghardware.net\/wp-content\/uploads\/2019\/07\/Manish-Sharma-Panasonic-270x152.jpg","width":270},"jaw_blog-16_9":{"file":"https:\/\/sourcinghardware.net\/wp-content\/uploads\/2019\/07\/Manish-Sharma-Panasonic-475x267.jpg","width":475}})
Budget Outlines Government’s Resolve on Boosting Manufacturing,” Manish Sharma – Panasonic India
The Union Budget 2019-20 is aimed at strengthening the fundamentals. From a consumer electronics industry perspective, Government of India’s move to increase basic customs duty (BCD) on indoor and outdoor unit of split system air conditioners from 10% to 20% and CCTV cameras and IP cameras from 15% to 20% is a positive step forward.