AUGUST 3 WOULD have been just another Thursday for the electronics industry but for a seemingly business-as-usual notification issued by Directorate General of Foreign Trade. As the fine print of the notification became clear, realisation dawned across time zones that this was anything but business-as-usual. It ordered an immediate ban on import of personal computers, laptops, tablets, ultra-small computing devices and servers without a permit. About 65 per cent of India’s ₹66,000 crore market for these devices is imports.
While alarm bells rang and heads of electronics giants lined up outside ministers’ offices in the following days, the order was given a three-month breather a few days later, now set to come into effect from November 1. The hardware retail sector is bracing for an upending of the laptops and tabs supply chain, leading to price rise and reduced availability when the Diwali shopping season kicks off.
“Nothing is being disrupted,” said Ashwini Vaishnaw, Union minister for communications, electronics & IT. “We had eight to 10 months of detailed discussions with leading hardware and electronics manufacturers. Already 44 companies have registered for the production-linked incentive (PLI) scheme. We are implementing only what has been discussed and decided. A clear transition period has already been set [and] notified, too.”
Bu hikaye THE WEEK India dergisinin August 27, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye THE WEEK India dergisinin August 27, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
A golden girl
One of India's most formidable beauties passed away earlier this month. The odd thing is she would absolutely hate this obituary; she hated being written about and avoided publicity for all of her nine decades. Indira Aswani was 93 when she died. But anyone who encountered her, even briefly, was in such awe of her grace and poise, and one could not but remember her forever.
The interest in wine is growing delightfully in India
The renowned British wine writer and television presenter Jancis Robinson, 74, recently came to Delhi and Mumbai to reacquaint herself with India's wine industry. This was the Robinson's fourth visit to India; the last one was seven years ago. On this trip, Robinson and her husband, restaurateur Nicholas Lander, were hosted by the Taj Hotels and Sonal Holland, India's only Master of Wine.
United in the states
Indian-Americans coming together under the Democratic umbrella could get Harris over the line in key battlegrounds
COVER DRIVE
Usage-driven motor insurance policies offer several benefits
GDP as the only measure of progress is illogical
Dasho Karma Ura, one of the world's leading happiness experts, has guided Bhutan's unique gross national happiness (GNH) project. He uses empirical data to show that money cannot buy happiness in all circumstances, rather it is family and health that have the strongest positive effect on happiness. Excerpts from an interview:
India is not a controlling big brother
Prime Minister Tshering Tobgay considers India a benevolent elder sibling as the \"big brotherly attitude\" is happily missing from bilateral ties. He thinks the relationship shared by the two countries has become a model of friendship not just for the region, but for the entire world. \"India's attitude is definitely not of a big brother who is controlling and does not allow the little brother to blossom and grow,\" says Tobgay in an exclusive interview with THE WEEK.
Comrade with no foes
Lal Salaam, Comrade Yechury-you were quite a guy!
Pinning down saffron
In her first political bout, Vinesh Phogat rides on the anti-BJP sentiment across Haryana
MAKE IN MANIPUR
Home-made rockets and weapons from across the border are escalating the conflict
SAHEB LOSES STEAM
Coalition dynamics and poor electoral prospects continue to diminish Ajit Pawar's political stock
