This Move Is Intended To Promote The Growth Of Make In India Products: TAIT

This Move Is Intended To Promote The Growth Of Make In India Products: TAIT

Indian government has announced to restrict the import of Laptops, PCs, and tablets. This move came as a part of the government's efforts to promote domestic manufacturing, bolster the Make in India initiative, and reduce the country's dependence on foreign technology imports. This measure is expected to encourage more multinational technology companies to establish manufacturing units within the country. Mr. Vijay Goel, Vice President, Trade Association of Information & Technology (TAIT) has expressed his views on the government’s initiative with DT. Check out the insights below.

Commenting on the new step taken by government, Mr. Vijay Goel, Vice President, TAIT said, “On August 3rd, 2023, the Government of India made a significant update by including Laptops, PCs, and tablets in the restricted import list. This decision primarily aims to control the parallel import of refurbished laptops, a practice that is prohibited. However, this new restriction also has implications for prominent brands that have been officially importing these products under valid licenses. The government now requires obtaining a new Special license for further imports.”

He further added, “This move is intended to promote the growth of Make in India products. Nonetheless, the current manufacturing capacity in India is not yet sufficient to meet the entire domestic demand for these items. As a result, the government will need to provide a considerable amount of time for the Make in India initiative to reach a point where it can adequately fulfill the nation's consumption needs.”

“At present, India lacks its own component manufacturing facilities and relies heavily on other countries for these components. This sudden regulatory change has triggered a sense of uncertainty within the market. Brands, distributors, and regional distributors are eagerly awaiting more comprehensive guidance from the government. While some brands have established manufacturing units in India, many others remain heavily reliant on imports. The current situation necessitates adopting a cautious "wait and watch" approach. It is likely that there will be some price implications for the aforementioned products until further clarification is provided by the authorities,” he concluded.

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