If I Were FM | Sanjay Nayak

In the run-up to the Union Budget, Sanjay Nayak shares his expectations for the electronic system design and manufacturing sector
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First Published: Sun, Feb 10 2013. 10 43 PM IST
Sanjay Nayak, co-founder, chief executive officer and managing director, Tejas Networks. Photo: Gireesh GV/ Mint.
Sanjay Nayak, co-founder, chief executive officer and managing director, Tejas Networks. Photo: Gireesh GV/ Mint.
Updated: Thu, Feb 14 2013. 01 10 PM IST
Sanjay Nayak, co-founder, chief executive officer and managing director, Tejas Networks, a networking and telecom equipment products company
What’s the first thing that you would take care of if you became FM?
I would take steps to bring growth back in the Indian economy. Unless there’s growth, there’s not much that you can really do.
What are the key areas that you would focus on if you were FM?
In the ESDM (electronic system design and manufacturing) sector, over the last two years a lot of political initiative has been taken to stimulate growth. It’s a sunrise sector for the country and measures to help out the sector can be implemented if there’s adequate support and funding, as well as taxation support. All the steps that the government has taken through the national telecom policy and other policies can be properly realized if there’s support from the funding side.
What are the main challenges that you would tackle if you were FM?
On a very macro-level, balancing spending with income is one of the key challenges that needs to be addressed. In electronics manufacturing, we can do so much more. The policies are there, but if they’re not backed by allocation of funds, then we will fall behind. The funding needs to be in place so that long-term prospects do not get hampered.
What’s the one critical thing that you would take care of if you were FM?
In India, import duty is zero. As far as manufacturing is concerned, if the government takes steps like giving certain products that are manufactured here deemed-export status, then that helps out local manufacturers a lot. It’s as good as foreign companies selling here.
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First Published: Sun, Feb 10 2013. 10 43 PM IST
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