The government on Friday informed IT hardware players that the process of import authorisation for laptops, tablet, servers etc. will be completely online and has sought data of the past three years for the inbound shipments of mobile, IT and telecom products, sources aware of the development said. Industry players have been informed that the "import management system" portal, which will be managed by Directorate General of Foreign Trade (DGFT), will go live by the end of this month. "MeitY has informed companies that 'import management system' will go live by September end. It will be managed by DGFT. It has asked importers to feed their organisation data and import data subsequently for the past 3 years," a source, who did not wish to be identified, told PTI. The government has proposed to implement new rules for import of IT hardware from November 1. The new rule will allow imports of IT hardware by authorised firms. The import management system will handle imports related to .
This comes a month after the DGFT announced that the import of certain IT hardware products, including laptops, tablets, PCs, servers, etc., would fall under the restricted category
The rise in imports is expected to continue in September as well, as it takes 4-6 weeks for consignments to reach India
The Centre has asked industries operating in India to execute new production techniques, such as surface-mount technology (SMT) lines, to increase the local value-addition percentage
IT hardware maker Lenovo plans to strengthen local manufacturing and is in discussion with the government to seek clarity on the PLI scheme and recent import restrictions, a senior company official said on Tuesday. Lenovo India Commercial Business Executive Director Ajay Sehgal said that the company has been manufacturing in India for about the last two decades and now even exporting from India. "We need to understand more in detail about the new regulations. After understanding that part we will be able to comment better on how we can add more value in the manufacturing in India. Manufacturing in India is not new for us. If it is only a capacity enhancement, definitely, we know there is a merit to increase that part and we are moving in that direction," Sehgal said. He was responding to a question on Lenovo's view on Rs 17,000 crore production-linked incentive scheme for manufacturing IT hardware in the country. Lenovo leads the global PC market with a 24 per cent market ...
The government is likely to push its order of licensing requirement for imports of laptops, PC and tablets by at least a month, sources said, as officials did fire-fighting after the decision announcement took the industry by surprise. The move is expected to offer a breather to companies, who have been on tenterhooks following Thursday's order. DGFT will soon issue a notification on timeline extension, IT Ministry sources said. In a post on 'X' social media platform (earlier known as Twitter), Minister of State for Electronics and IT Rajeev Chandrasekhar said: "There will be a transition period for this to be put into effect, which will be notified soon". Meanwhile, IT Ministry sources indicated that implementation timelines will be extended by at least a month, which means players will have more time in hand to apply for a licence if they wish to import these products. Time will be given to companies so that they apply for licences, sources said, adding that timelines will be ...
While PC, laptops, mobile phone makers are setting up a manufacturing hub in India, with players like HP and Cisco coming in, it adds to diversity of hardware capability the country is building
Union Cabinet last week approved the modified PLI Scheme for IT Hardware with more than doubling budgetary outlay to Rs 17,000 cr compared to the previous provision of Rs 7,325 cr
The arrival of the Internet of things (IoT) has created a scope for new hardware security solutions that could make the 'smart' consumer products secure by design
First data centre already launched at a cost of Rs 1,500 cr; Yotta to spend Rs 39,000 cr on construction, IT equipment and hardware over next 5-7 years
The benchmark test reveals the Tensor G2's CPU system, featuring two Core X1, two Cortex A76, and four Cortex A55 cores as last year
The acquisition will be through the company's wholly owned subsidiary Acrysil UK Ltd
Apple is ramping up its production in India. The govt's production-linked incentive, or PLI scheme, seems to have helped it. Is it good for other sectors too? And what are the challenges it is facing?
The ICEA also says that the move goes against the government's attempt to reduce obstacles to ease of doing business
The market is expected to break the $500 billion mark in 2023, reports International Data Corporation (IDC)
Global brands find import of laptops, tablets cheaper than making in India
As the government doubles down on IT hardware manufacturing in the country, the India Cellular & Electronics Association (ICEA) on Wednesday announced a high-level committee to boost manufacturing and exports of the IT hardware (laptop/tablet) sector.
Foreign direct investment in computer software and hardware jumped over threefold to $26.14 billion during 2020-21 on account of significant growth in the country's technology space
Pharma scheme aims at Rs 3 trillion incremental sales, 100,000 jobs; experts say hardware scheme to help India become electronics manufacturing hub for the world
Domestic demand for electronic motherboards is expected to grow by over six-fold to USD 81.5 billion by 2025-26, according to a report released by IT hardware makers body MAIT on Friday