Import of PoS machines temporary

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 Union minister of state for electronics and IT PP Chaudhary has assured the electronic manufacturers that the import of PoS machines following demonetisation is temporary and would be sorted out soon. 

 “The imbalance is there. Once you take such a historic decision and the entire country goes for digital payments then you need a lot of (Point of Sale) machines,” Chaudhary said at Digital Transformation Summit 2017 organised by Governance Now.


The minister’s assurance came in response to a query on waiving duty on PoS machines, adversely impacting the Make in India programme and domestic manufacturers.  


“In some cases machines are being imported. We have to strike a balance so that Make in India and digital payments should run smoothly,” the minister said.

 
It is a temporary phase. In coming days only Make in India and Made in India will be promoted,” he said.  
He underlined the importance of government’s ambitious Digital India programme, especially in the wake of fourth industrial revolution. 


The first industrial revolution used water and steam power. The second used electric power to create mass production. Third industrial revolution used electronics and IT to automate production, starting in middle of the last century.


In fourth industrial revolution the boundaries are blurring between physical, digital and biological boundaries,” he said. 
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