The caveat assumes significance in the context of the government's announcement of its plan in August 2023 to issue licences for import of select IT hardware products to reduce the country's dependence on China.
However, due to resistance from companies, industry lobby groups and key trade partners including the United States (US), India stepped down from its earlier plan and a new import management system was introduced from November 2023 to issue import permits in an end-to-end online format.
The import management system covers seven IT hardware items including laptop, tablet, all-in-one personal computer, ultra-small form factor computer and servers, and is currently in place till December 31.
Ahead of that deadline, steps are being planned all over again to boost India manufacturing while reducing imports.
A source in the government said that those manufacturing in the country and also those planning to start the process have expressed the need for an import limit so that they can take advantage of 'Make in India' under the production-linked incentive (PLI) scheme.
The Ministry of Electronics and Information Technology (Meity) has been engaged with the industry on this matter for long, while giving a series of extensions to the current system of automated import.
Denne historien er fra November 18, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 18, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
39 of World's 100 most polluted cities are from India
China ranks 2nd with 30 cities in S&P Global Mobility survey
One tonne of paddy stubble burnt leads to 20 kg nitrogen loss in soil: Scientists
As Delhi and its adjoining areas reel from a thick blanket of bad air, senior scientists belonging to the Indian Council of Agricultural Research (ICAR) have said each tonne of stubble burnt leads to a loss of no less than 12-13 kg of phosphorus, 35 kg of potassium, and 20 kg of nitrogen in the soil.
Air woes: Delhi hospitals see 50% jump in OPD visits, admissions
Hospitals are witnessing a 40-50 per cent surge in patient visits due to respiratory illnesses, including symptoms of bronchitis and breathlessness, with major cities recording a severe jump in air pollution levels in the last 20 days.
New-age firms' growth gains priced in: Analysts
Investors advised to wait a few quarters before betting on these stocks
Rely on credit cards and unsecured loans, build emergency corpus
Handling the financial aspect of a medical emergency is often a daunting task, since it requires coming up with a significant sum at short notice. Households must prepare in advance for this challenge.
Moderated NTPC Green IPO price band with changing market sentiment: CMD
NTPC Ltd, which is the parent firm of the NTPC Green Energy Ltd (NGEL), on Tuesday said it moderated the price band of the initial price offering (IPO) to be in sync with the changing market sentiments.
Sebi notifies pro-rata distribution norms for AIFs
The Securities and Exchange Board of India (Sebi) has notified the changes in regulations governing alternative investment funds (AIFs) mandating them to provide investors rights and distribution of proceeds in proportion (pro-rata) to their commitments in the scheme.
BALANCED ADVANTAGE FUNDS REMAIN LOW ON EQUITIES
Majority ofthe larger balanced advantage funds (BAFs) raised their equity exposure in Octoberaftertrimmingthe allocation in the previous months. However, in most cases, the equity exposure remained closerto their respective multi-year low levels.
NeW initiatives, margin gain hopes positives for Delhivery
Logistics major Delhivery has had promising Q2FY25 results.
PE ancl VC companies adjust to longer holds after public listing
Startup IPO boom reshapes their investment strategies