The government's policy flip-flops on restricting imports of laptops and similar products have increased business uncertainty and costs, think tank GTRI said on Wednesday. A decisive and consistent policy is crucial to encourage global technology companies to shift manufacturing units to India and build a robust electronics supply chain, it added. To promote local manufacturing and reduce reliance on China, the government must announce a stable and long-term policy, it noted. India, it said, is bound by the ITA-1 (information technology) agreement of the World Trade Organisation (WTO) and cannot raise import duties, leaving import restrictions as the primary tool for fostering domestic production. However, the repeated extensions of import authorisations and delays in implementing a clear Import Management System (IMS) have undermined these efforts, the think tank said. "A decisive, consistent policy is crucial to encourage global tech companies to shift manufacturing to India and
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The import authorisation system, introduced in October 2023 to monitor imports, has already led to a decline in imports of seven IT hardware products, including laptops, personal computers, and tablet
The government is expected to extend the existing import management system for imports of certain IT hardware products including laptops and tablets for three months, an official source said. The deadline for review of the system is September 30. The official said that these imports stood at USD 8.4 billion in 2023-24 against the authorisation of about USD 9.5 billion. Most of these imports were coming from China. In October last year, the government rolled out an import management/ authorisation for imports of laptops, personal computers and certain other IT hardware products. The system is aimed at monitoring inbound shipments of these items into the country without hurting market supply. The importers are allowed to apply for multiple authorisations and those authorisations would be valid up to September 30, 2024. The authorisations will be issued for any number of consignments for imports till September. On November 1, 2023, the government cleared over 100 applications, includ
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With the deadline for review of import management system for laptops and other IT products nearing, the companies which have received authorisations have imported these products worth over USD 4 billion so far this fiscal, an official said. These imports stood at USD 8.4 billion in 2023-24 and most of these imports were coming from China, the official said. In October last year, the government rolled out an import management/ authorisation for imports of laptops, personal computers and certain other IT hardware products. The system is aimed at monitoring inbound shipments of these items into the country without hurting market supply. The importers are allowed to apply for multiple authorisations and those authorisations would be valid up to September 30, 2024. The authorisations will be issued for any number of consignments for imports till September. On November 1, 2023, the government cleared over 100 applications, including those of Apple, Dell and Lenovo, which sought permissio
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