India not planning to curb laptop imports immediately, IT secretary says

[ad_1] The Indian government does not intend to impose immediate restrictions on laptop imports in the New Year, as it expects local production to grow steadily and replicate the success achieved in the smartphone sector, according to IT and electronics secretary S Krishnan. The government expects companies like HP and Dell to significantly increase local output starting in the next fiscal year, mirroring the success seen with smartphone production.Krishnan told the Times of India, “At no stage was it the intention of govt to disrupt import of any of these electronics. Let’s be clear. We don’t want to disrupt. We just want to convince people that while the availability is ensured, at the same time we bring in more of the actual production within the country.” He indicated that any import reductions would be gradual.Also Read: For 2025, Govt presses enter for laptop importsThe government is also developing a new financial incentive plan to attract semiconductor manufacturers. This follows the full utilization of the previous $10 billion package. Krishnan acknowledged that India’s previous incentive was smaller than those offered by other countries but emphasized the difference in approach. “They are countries where the semiconductor industry already has a base. Our case is about setting up (operations). So, I think we need to have a simple, easy to administer, clean mechanisms which they can take up and run with.” He expects the new package to be larger than the previous one.Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrows InnovationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingPerformance Marketing for eCommerce BrandsBy - Zafer Mukeri, Founder- Inara MarketersView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceA2Z Of MoneyBy - elearnmarkets, Financial Education by StockEdgeView Program MarketingModern Marketing Masterclass by Seth GodinBy - Seth Godin, Former dot com Business Executive and Best Selling AuthorView Program AstrologyVastu Shastra CourseBy - Sachenkumar Rai, Vastu ShashtriView Program StrategySuccession Planning MasterclassBy - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.View Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)AI and Analytics based Business StrategyBy - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCIView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Pam MooreBy - Pam Moore, Digital Transformation and Social Media ExpertView Program Artificial Intelligence(AI)AI-Powered Python Mastery with Tabnine: Boost Your Coding SkillsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital marketing - Wordpress Website DevelopmentBy - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy - CA Rahul Gupta, CA with 10+ years of experience and Accounting EducatorView Program Data ScienceSQL Server Bootcamp 2024: Transform from Beginner to ProBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program The government's production-linked incentive (PLI) scheme for IT hardware aims to make India-made products more competitive. The current import management system (IMS) monitors both domestic production and imports to inform policy decisions and prevent market disruptions.(with ToI inputs) [ad_2] Source link Follow Us: https://facebook.com/gagab2b https://youtube.com/gagab2b https://gagab2b.com https://gagab2b.com/import-export-news/import-export-india-news/india-not-planning-to-curb-laptop-imports-immediately-it-secretary-says/?feed_id=1535&_unique_id=6796dfbc42763

Comments

Post a Comment

Popular posts from this blog

The Importance of Having a Website for Import-Export Businesses

Image
One of the main reasons why a website is important for import-export businesses is that it serves as a digital storefront. With a well-designed website, businesses can showcase their products and services to a global audience. This allows them to reach potential customers who may not have been aware of their offerings otherwise. A website also provides businesses with the opportunity to provide detailed information about their products, such as specifications, pricing, and availability, which can help potential customers make informed purchasing decisions. Additionally, a website can enhance the credibility and professionalism of an import-export business. In today's digital age, consumers and business partners often turn to the internet to research and vet potential suppliers. A well-designed website can instill trust and confidence in potential customers, as it demonstrates that the business is legitimate and serious about its operations. Furthermore, a website can serve as a...
Read more

Sorting out WTO disputes with India helped American rural communities: USTR

Image
[ad_1] US Trade Representative Katherine Tai has highlighted sorting out WTO disputes with India as a win for the agriculture and rural communities in her testimony before the Senate Committee on Finance on President Joe Biden’s 2024 Trade Policy Agenda where some concerns were raised on India’s wheat subsidies allegedly hurting American farmers.Also read: India, US agree to end six trade disputes at WTO; Delhi to remove retaliatory customs duties“Last June, India and the United States terminated six WTO disputes, and India agreed to remove retaliatory tariffs on several US products. This means improved access for chickpeas, lentils, almonds, walnuts, and apples benefiting farmers across the country, including in Michigan, Oregon, and Washington,” Tai said in her written testimony to the Senate Committee on Wednesday.Additionally, in September, India and the US resolved their final outstanding WTO dispute, and India agreed to reduce tariffs on several US products, the USTR added...
Read more

‘Indifferent export performance is straining BOP’

Image
[ad_1] Biswajit Dhar, noted economist and former professor, JNU, shares his analysis of the NDA’s external trade performance in the last ten years. How would you rate NDA’s performance on a scale of 1 to 5?My score would be 2.5, which is 50 per cent. There has been a lack of policy focus on how to engage with the global economy. While the process of global integration continues India is seen as somewhat of a laggard, a country not enthusiastic about integrating with the global economy. But after Covid, we have seen more proactive approach towards trade integration. What has been the game changer, if any, in the last 10 years for external trade?The NDA government came to office with an agenda to reverse the pro-FTA stance of its predecessor government. The present government argued that the three major FTAs concluded with East Asian partners, viz. ASEAN, Republic of Korea, and Japan, must be reviewed and made more “India-friendly”. The culmination of this phase of intense...
Read more