India again plans to curb laptop imports to boost local manufacturing: Report
Hindustan TimesIndia is expected to limit imports of laptops, tablets and personal computers after January, two government sources with direct knowledge of the matter said, a move to push companies such as Apple to increase domestic manufacturing. A similar plan to restrict imports was withdrawn last year following backlash from companies and lobbying from the United States {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This plan, if implemented, could disrupt an industry worth $8 billion to $10 billion and reshape the dynamics of the IT hardware market in India, which is heavily reliant on imports. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} India's Ministry of Electronics and Information Technology is working on a new import authorisation system, where companies will have to get prior approvals for their imports, one of the two sources said. LOCAL PRODUCTION {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Limits to India's imports should be calibrated based on India's domestic production capacity, an industry source who is part of the government's consultations said.