The Indian government is taking significant steps to address the nation’s IT hardware demands while decreasing reliance on imports from less dependable sources.
Minister of State for Electronics and IT, Rajiv Chandrashekhar, made this announcement, highlighting the current situation where a staggering 80 percent of IT hardware is imported, leaving only 8-10 percent sourced domestically.
The government has set an ambitious goal to increase domestic production to 65-70 percent within the next three years.
As part of the IT Hardware PLI (Production-Linked Incentive) scheme, approximately 40 companies have expressed their intent to establish manufacturing facilities for personal computers, laptops, tablets, servers, and other related equipment.
The total estimated value during the planned period is approximately Rs 4.65 lakh crore.
In addition to these efforts, the government is actively considering new import rules for IT hardware to further reduce dependence on imports from less reliable sources.
This strategic move is not only driven by economic considerations but also by the need to address India’s growing trade deficit with China.
The government has already declared a ban on imports and has provided a three-month grace period, effective until October 31, before the new licensing regime is implemented.
During this grace period, import consignments can be cleared without the need for a license.
However, starting in November, a government permit will be mandatory to clear imports.
These import restrictions may also impact technology giants like Apple and Samsung, underscoring the significance of these policy changes in the electronics industry.
