New Delhi, Dec 10 (UNI) Citing India’s IT-software is recognised across the world, Finance Minister today said that the business in the sector is expected to reach 400 billion dollars in 2020. Speaking at Pre- Budget Consultative Meeting with stakeholders from IT sector, Mr Jaitley said, “The government recognises the potential of IT sector, hence Electronic Systems and IT & BPM (Business Process Management) are included among 25 sectors in ‘Make in India’ programme. The electronic market in India is one of the largest in the world and is expected to reach 400 billion dollars in 2020.” In a bid to for boost the IT sector, the representatives from the sector suggested various steps and sought government’s support in view of increasing trends of protectionism and anti-globalisation abroad. They also suggested the government to increase investment in research, development and innovation in IT related sector. To further boost electronic manufacturing in the country, suggestions were made to extend the duty differential scheme to all ITA goods, specifically for personal computers (Desktop, Laptop). A proposal requested that list of CPE goods should be make comprehensive for Duty Differential Scheme to further promote and implement ‘Make in India’ initiative. Representatives sought that this scheme must continue to exist in GST regime. With regard to creation of ecosystem for electronics and IT hardware manufacturing, it was brought in the notice that the there is need to bring down logistics costs by creating robust infrastructure for connectivity. UNI ASH SDR RAI1954