TO REDUCE IMPORT dependence and boost domestic manufacturing of laptops and other IT hardware items, the Union government may link import permissions to domestic capacity expansion going forward, it has been learnt.
The government is also considering the introduction of a credit system for such imports, with a final decision likely once domestic production in India reaches a critical threshold.
The strategy, a source said, mirrors the approach that successfully attracted investment in the tyre manufacturing sector where the government temporarily eased import restrictions on certain tyre categories, contingent on establishing local manufacturing facilities.
In 2020, the import of 'New Pneumatic Tyres' was classified under the 'restricted category'. However, in 2023, the Ministry of commerce and industry relaxed the guidelines for tyre manufacturers who committed to investing in India through "brownfield or greenfield projects for manufacturing tyres within the restricted category".
Denne historien er fra December 25, 2024-utgaven av Financial Express Bengaluru.
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Denne historien er fra December 25, 2024-utgaven av Financial Express Bengaluru.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Pant set to play Delhi's next Ranji tie
ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.
Pant set to play Delhi's next Ranji tie
ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.
Los Angeles firefighters on alert for return of extreme winds
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Tata Group Partners IISc for Medical School, to Contribute ₹500 Crore
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Average pay hike pegged at 9.4% in 2025: Report
INDIAN EMPLOYEES MAY expect an average salary increment of 9.4% this year across industries, indicating strong economic growth and rising demand for skilled talent, a report said on Tuesday.
Rupee slips to all-time low of 86.64
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Govt plans to pare stakes in five PSBs, including UCO
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WPI inflation rises to 2.37% in Dec on higher food prices
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Can we commend privacy?
THE CIVILISATION THAT NURTURES ITS NEED ALSO PRODUCES TECH THAT ENABLES ITS ERADICATION
Focus on bigger picture
With the market already facing headwinds, the Budget would do well by not tinkering with the tax regime
