Домой United States USA — IT IT hardware companies may get more time for local manufacturing

IT hardware companies may get more time for local manufacturing

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The companies will have to submit a detailed and graded roadmap of make-in-India plans for products to government.
The government is in constant touch with the companies on the timelines and the requirements for India production.“We will work on it with them,” the official added.The Directorate General of Foreign Trade (DGFT) issued a notification on August 3 mandating that import of items such as laptops, tablets, all-in-one-PCs, ultra-small factor computers and servers would be “restricted”. Companies importing these items would need to apply for an additional licence to bring them into the country, it said.Following pushback from the industry, the DGFT for the licensing requirement by three months to November 1.The earlier notification had a clause that said it will be applicable with “immediate effect,” which caused confusion and halted shipments, said the official. “They have resumed now. And even after November 1, it is a simple process of getting a licence in five minutes.”Senior government officials had clarified earlier that the restrictions were not meant to discourage as was widely believed. The procedure to apply for a licence would be simple and quick, they said.Industry executives are of the view the ecosystem in the country is not yet ready to quickly transition to manufacturing on the scale that’s required.ET reported on Friday that the Nasscom lobby group as it will take a toll on the $245 billion Indian IT sector, one of the largest consumers of electronic products.

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