The telecom operators physique Cellular Operators Association of India (COAI) is bit dissapointed with the Union Budget 2021. While the physique welcomed the funds and praised it for offering impetus to financial progress publish the pandemic and assist set the nation on path to changing into Atmanirbhar Bharat, it added that it didn’t handle the issues of the telecom sector remained unaddressed.
“We welcome the budget as it is pro-investment and pro-growth. It will provide the much-needed impetus to economic growth post the pandemic and will set us on the path to becoming Atmanirbhar Bharat. However, we are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed,” mentioned Lt. Gen Dr SP Kochhar, DG, COAI.
COAI represents non-public telecom firms Bharti Airtel, Reliance Jio and Vodafone Idea. The business’s wishlist from the funds included discount in licence charges (LF), removing of products and companies tax on these charges, spectrum acquisition costs and spectrum utilization costs (SUC), moreover a refund of enter tax credit together with tax and customized obligation exemptions.
“We were expecting a reduction in the burden of levies, such as LF and SUC on the telecom sector. The Government has also not considered the request of the Industry to exempt the GST from the payment of Govt Levies such as LF, SUC and spectrum installments etc.”
It additional added that because the telecom operators are going to launch 5G companies within the nation, it’s crucial that 5G enabled telecom gear can be found to them at an inexpensive worth. “Thus, there was the need for a reduction in customs duties on telecom equipment. It would have been a much awaited relief if the government provided the right incentives to the sector. We will continue to engage with the Government in these areas in the times to come,” added COAI’s assertion.