In India, imports account for over 65% of the laptop and PC units sold. Import restrictions and the implementation of a licensing system ought to have been completed long ago. Even if China continues to be the uncontested leader in the production and export of computer gadgets, the excessive delay has allowed nations like Vietnam, Hong Kong, and Singapore to leap ahead.
Source: Current Affairs- Adda 247
India’s most recent action is intended to lessen the country’s excessive reliance on China. Companies have been informed by the government that they would be given a transitional time during which to submit applications for licences to import laptops and other gadgets. Due to the widespread usage of laptops and tablets in the commercial, entertainment, and educational sectors, scaling up local production will be a significant issue for the industry.
A production-linked incentive programme for IT gear with a budgeted cost of Rs 17,000 crore was authorised by the Union Cabinet earlier this year. The deadline for businesses to apply for this programme has been extended by India in an effort to entice high-dollar investments.
Source: CNN- News 18
The main concerns for the stakeholders on the home front would be the product quality and cost. To encourage major foreign companies to build manufacturing facilities in India to produce top-tier IT gadgets, the government would have to exert enormous effort. Over time, India may develop into a major export hub if Make in India and Make for the World work together.
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