India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing.<\/p>\n
\u201cTheir import would be allowed against a valid licence for restricted imports,\u201d the notice said.<\/p>\n
In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year. Electronics imports range between 7% to 10% of the country\u2019s total merchandise imports.<\/p>\n
\u201cThe move\u2019s spirit is to push manufacturing to India. It\u2019s not a nudge, it\u2019s a push,\u201d said Ali Akhtar Jafri, former director general at electronics industry body MAIT.<\/p>\n
India has been trying to push local manufacturing by giving production-linked incentives in over two dozen sectors, including electronics.<\/p>\n
It has extended the deadline for companies to apply for its $2 billion manufacturing incentive scheme to attract big-ticket investments in IT hardware manufacturing, which covers products like laptops, tablets, personal computers and servers.<\/p>\n
The incentive scheme is key to India\u2019s ambitions to become a powerhouse in the global electronics supply chain, with the country targeting annual production worth $300 billion by 2026.<\/p>\n
Dell, Acer, Samsung, LG Electronics, Apple Inc, Lenovo and HP Inc are some of the key companies selling laptops in the Indian market and a substantial portion are imported from countries such as China.<\/p>\n
Shares of Indian electronic maker Dixon Technologies rose over 5% on the news.<\/p>\n
The intent seems to be \u201cimport substitution of certain goods that are imported heavily,\u201d said Madhavi Arora, economist at Emkay Global.<\/p>\n
Laptops, tablets and personal computers compose about 1.5% of the country\u2019s total annual imports and nearly half of those are bought from China, according to government data.<\/p>\n
India has imposed high tariffs in the past on products like mobile phones to catalyze domestic output.<\/p>\n
Last year, it produced $38 billion worth mobile phones in the country, while local production of laptops and tablets were just $4 billion in comparison, according to estimates from industry body India Cellular and Electronics Association.<\/p>\n","protected":false},"excerpt":{"rendered":"
India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. \u201cTheir import would be allowed against a valid licence for restricted imports,\u201d the notice said. In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year. Electronics imports range between 7% to 10% of the country\u2019s total merchandise imports. \u201cThe move\u2019s spirit is to push manufacturing to India. It\u2019s not a nudge, it\u2019s a push,\u201d said Ali Akhtar Jafri, former director general at electronics industry body MAIT. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-800394","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=800394"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800394\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=800394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=800394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=800394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}