Before 2000, India was emerging as one of the electronic manufacturing destinations. HCL, Zenith Computers, Wipro were household names, but they relied heavily on arbitrage. Once tariff and custom duty became zero, the sector collapsed and China rushed in to fill our needs. As calls to reduce dependency on China increases, it is time to create new Indian manufacturing giants, says Nitin Kunkolienker, President, Manufacturers’ Association for Information Technology (MAIT).
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