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Telecom Products Imports Swell to Rs 69,516.37-cr in FY14: Government

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The country imported telecom products worth Rs 69,516.37 crore in 2013-14 while exports of such items were at Rs 20,475.17 crore during the year, leaving a significant deficit of Rs 49,041.20 crore.

In the previous 2012-13 fiscal, imports of telecom products were Rs 57,208.78 crore and exports were at Rs 21,716.76 crore, Communications and IT Minister Ravi Shankar Prasad informed the Lok Sabha in a written reply.

In 2011-12, the import figure stood at Rs 55,466.54 crore while exports were at Rs 20,775.57 crore.

In a separate reply, Prasad said the production of mobile handsets in the country is projected to be down by more than half even as import of handsets is expected to rise by over 18 per cent in 2014. Click here to read more

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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