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.
Bu hikaye Business Standard dergisinin November 18, 2024 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 Business Standard dergisinin November 18, 2024 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
Isro to study how crops grow in space
Demonstration of seed germination in outer space, a robotic arm to catch tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4—the fourth stage of Isro's PSLV rocket that remains in orbit after launching a satellite.
On offer: Deals for seniors in hotels
Tour operators, hospitality industry roll out customised options for a senior population keen to travel for leisure, adventure
Hotels expect further rise in room rates next year
After hotel room rates hit record highs in 2024, they are set to rise further in 2025 driven by a surge in demand of 7-8 per cent across segments.
Looking back at 2024
The overarching theme of this year has been the RBI's new approach to vigilance
TIFF OVER TARIFF
Trump is talking tariffs once again. What does that mean for Indian exports?
INDIAN TECH STARTUP SCENE IN 2024: MORE UNICORNS, MORE EXITS
India's technology startup ecosystem got six new unicorns in 2024. There were two last year. The new unicorns – startups reaching $1 billion valuation – specialise in lending, logistics, software and generative intelligence.
How agentic AI will work for the world on its own
A new era in artificial intelligence (AI) is underway. In a few months, evolved versions of the technology will emerge and find mainstream applications.
'Cloud and AI will become synonymous in 2025'
JO DEBECKER, managing partner and global head of Wipro FullStride Cloud, believes that a combination of Cloud services and artificial intelligence (AI) will become the \"foundation\" for the success of enterprises. The processing power and data needed to build and train AI models come from Cloud. Debecker, in a video interview with Shivani Shinde, spoke about the two technologies and how Wipro is preparing to be an AI-powered firm. Edited excerpts:
Startups chart new course in space
Indian companies make a mark in downstream sector that uses space data for practical applications, reports SHINE JACOB
Boost term cover with rising income and liabilities
Increase health cover to tackle rising medical costs; consider super-topup and critical illness plan