Chemicals and fertilisers manufacturing company will expand domestic capacity and may look for tie-ups, says Ashwin Muthiah
Tweaking of licensing rules by the commerce ministry's arm DGFT for imports of certain IT hardware products like laptop and computers will help boost domestic manufacturing, think tank GTRI said on Friday. Grant of exception to laptops and tablets assembled in special economic zones (SEZs) from import restrictions would make a significant shift in India's electronics manufacturing landscape, Global Trade Research Initiative (GTRI) said. The government on Thursday tweaked the cumbersome licensing norms for import of these products and put in place an online authorisation system for importers. The new licensing or authorisation regime is primarily aimed at monitoring imports of these products to ensure that they are coming from trusted sources. These regulations are set to come into force on November 1 and are poised to reshape the industry until September 2024, it said. "Local suppliers now have two routes to procure laptops for the Indian market - they can buy laptops from firms .
Firm is develop recombinant products in hormones, eyes acquisitions in South East Asia
It would suggest ways to cut import of those items which can be manufactured or explored in the country