Budget Expectation: MTS CEO Looks for Tax Cut for Natural Growth, Rural & Broadband ConnectivityA financial year to be ended and media is now excited with the Union Budget 2012-13 which will be published soon.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

Telecom market is also excited and voices for some demands for the betterment of the industry. The telecom market of India is still on the phase of expansion and attractive to operators, passive infrastructure providers, equipment vendors, OEMs and other related industries. Telecom industry today has become as important to the economy as another basic need for people.

Vsevolod Rozanov, President and CEO of Sistema Shyam Teleservices which operates in the country under brand name of MTS India expressed his expections from this upcoming Union Budget.

“Inspite of the numerous challenges being faced by the Indian telecom industry, the 2012 budget presents yet another opportunity for the government to set some systemic elements right. From a global perspective, the telecom industry in India attracts the highest tax of 23%. Looking in AGR terms, the industry generates revenues of approx. Rs 122,000 crore, out of which Rs 28,000 crore is the approx. outflow to the exchequer. This needs to be rationalized on a priority. The telecom industry is clearly getting squeezed on account of such outflows and what makes the situation all the more difficult is the hesitation of banks to lend money to operators. All this naturally has a deep impact on the roll out of voice and data services for the common man, specially in the rural areas.”, He said