Budget 2024: Atul Lall of Dixon Technologies on BCD Reduction in Mobile Phones and Chargers | NDTV Profit - video Dailymotion

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00:00We also have Atul Lal, Vice-Chairman and MD of Dixon Tech joining in.

00:04Hi Atul, it's Amina. Thank you very much for talking to us right after this budget.

00:08First up, before we go into the BCD reduction, mobile and chargers,

00:12how are you reacting to this budget?

00:17You see, I would like to really compliment Honourable Finance Minister.

00:20Please appreciate we are a highly labour-intensive manufacturing industry.

00:26And certain steps that have been taken to encourage and incentivize

00:33labour involvement, operators' involvement, I think it's highly commendable.

00:39Particular emphasis on the skilling on internships are most welcome.

00:46And also a special focus on MSME industry, because that's the backbone.

00:52Please appreciate the electronic manufacturing industry is in a formative stage.

00:58It is growing extremely fast. It's hugely labour-intensive.

01:03And for creating an ecosystem, the MSME support is required.

01:07So I strongly feel it's a very positive budget for our labour-intensive industry.

01:15Zilal, just very quickly, very specific to your industry.

01:19And I know we've got a, it's commendable.

01:21We've managed to pull off a good budget, not disturb too many things,

01:25still focused on Vixit Bharat, focus on employment.

01:28So lots of good things as well.

01:30But one thing that maybe Dixon could get impacted is the BCD reduction on mobile and chargers.

01:37What does this mean for a company like yourself?

01:39What's your reaction to this?

01:41No, no, no, please be rest assured that mobile manufacturing in India has reached a stage

01:47that all the mobiles being sold in India will be manufactured in India.

01:51That's the kind of depth the industry has.

01:54And a large portion of that is going to be exported.

01:57So this reduction of custom duty on the CBU imports of mobile from 20 to 15% or on chargers

02:05is not going to have any negative impact on the industry.

02:08I feel that it's not having any impact at all on the depth and the breadth

02:15of mobile manufacturing in the country.

02:17In fact, it's going to deepen.

02:19Zilal, would you have expected more on the PLI schemes?

02:24That was something that was being talked about consistently, that PLI schemes have worked.

02:29Your company is, of course, a shining example of how well they work.

02:32That there would have been more push towards the PLI schemes.

02:36That there would have been more push to extend manufacturing.

02:41Do you think that that is something that you would have hoped to see?

02:46So we in the industry, through our associations, have been working very closely with the government

02:52for rolling out an incentive package for the electronic component industry,

02:57which is beyond semiconductors.

02:59And the government response on that has been extremely positive,

03:01because that's what helps in enhancing the value addition.

03:05So I think it's going to happen, because the response is very welcoming.

03:11And I think it's going to happen besides the budget.

03:14Yeah, it's something different, but it's going to happen.

03:17That's a policy package we're expecting.

03:19In any case, we were not expecting that to be announced in the budget speech.

03:25So that's what we are working on, because that's an important imperative

03:29for creating a competent ecosystem and deepening the electronics manufacturing ecosystem.

03:34Yep.

Budget 2024: Atul Lall of Dixon Technologies on BCD Reduction in Mobile Phones and Chargers | NDTV Profit

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