look news india
Mumbai: The government is planning to gradually reduce the import limit of electronic devices like laptops, tablets and personal computers every year as part of increasing domestic production. It is likely that this new standard will be implemented from 2025, in which the import limit will be reduced by five percent annually.
The objective behind this is to provide support to the Production Linked Incentive Scheme (PLI) for domestic producers by reducing dependence on imports.
At present these equipment can be imported freely. However, the limit of free import standard is till 31st December of the current year. For calculating the reduction in import limit, imports of financial year 2024-25 will be considered as the base level.
When the market size of laptops, tablets and personal computers in the country is ten billion dollars, the electronics industry wants timely clarification from the government on this issue. Concerns are also being expressed about the disruption in the market due to the new standard.
Electronics industry sources said the government’s new policy may see a revival in the country’s IT hardware sector, as the sector is more dependent on imports.
India’s electronics imports are mostly from China and Hong Kong. Industry sources said that the issue of reducing the import limit was discussed in a recent meeting between the government and some industry leaders.
In August last year, the government had initially announced a ban on the import of laptops, tablets and personal computers, but due to opposition from global companies, the government has repeatedly extended this decision till December 31 of the current year.
