After G20, big relief for HP, Dell, Apple, Samsung, government made this plan

The government seems to be giving relief on the import of some IT hardware products including laptops, tablets, PCs, servers etc. It is reported that in this financial year, no license will be required to import these products, but the government will give permission to import only as much as is required.

After the G20 Summit and PM Narendra Modi's meeting with US President Joe Biden, the government has given big relief to foreign IT hardware. They will not require a license for import of computers, laptops, tabs etc. in the current financial year. According to the information, only such companies will have to get a registration done for import. After this decision, HP, Dell, Apple, Samsung, Lenovo, Asus, Acer and other big tech brands will get a lot of relief.

According to the information, for the current financial year, the government will only monitor the source and price of devices under the import management system. Companies will be allowed to import as much as they need to meet the demand. Officials said that rules like quota and license can be implemented in a later phase or in the next financial year. The government held a meeting on September 8 under the chairmanship of Minister of State for Electronics and Information Technology Rajiv Chandrashekhar. In which he informed the industry about his stance.

The meeting was attended by representatives from Apple, Dell, Samsung, HP, Apache, Acer, Asus, Apple, Cisco and Intel as well as representatives from industry unions India Cellular and Electronics Association (ICEA) and Manufacturers Association for Information Technology (MAIT). Also participated.

Promotion of local manufacturing

According to a member participating in the meeting, the government wants that it is very important for IT Hardware PLI 2.0 to be successful. Since most of the companies will start manufacturing under the scheme from April 1 next year, there will be a gap in supply, which can only be met through imports. In a notification dated August 3, the Directorate General of Foreign Trade (DGFT) had announced that citing security concerns, the import of some IT hardware products including laptops, tablets, PCs, servers etc. had been asked to be put in the ban category. Which was implemented with immediate effect, if anyone wanted to import, he was asked to obtain a license. There was strong opposition to this notification and the government extended this timeline till November 1, 2023.

Demand had decreased by 25 percent last year

The companies have now been assured by the government that it will provide them all the necessary support to increase public manufacturing under the PLI scheme. Another executive said that if the import ban is implemented on November 1, there will be supply disruption and prices will increase. The industry also told the government that FY2023 should not be taken as a benchmark as demand had fallen by more than 25 per cent in the last financial year and has not yet recovered to normal levels in the current financial year, which started from April 1. Has been able to reach.