Markets

India Rolls Back Plan to Restrict Laptop Imports

 

India is rolling back its plan to impose restrictions on imports of laptops, months after an abrupt announcement raised alarm bells across the industry.

“India will not impose restrictions on laptop imports,” Trade Secretary Sunil Barthwal told a press conference on Friday.

He said the government “only wants importers to be on close watch.”

 

Also on AF: India Arrests China Phone-Maker Vivo Execs in Tax Ruse Probe

 

The import licensing regime, announced in August, aimed to “ensure trusted hardware and systems” enter India, according to government notification at the time.

Its implementation was, however, delayed by three months after objections from industry and criticism by Washington.

US trade chief Katherine Tai raised concerns with India over the move, which would also affect companies such as Apple, Dell and HP.

India’s Narendra Modi-government is now holding consultations with the electronics industry and a new order on laptop imports will be announced by the end of October, Directorate General of Foreign Trade Santosh Kumar Sarangi said.

The officials did not disclose details about the new plans. Sources with direct knowledge of government discussions, however, said in September that India’s electronics ministry may implement a simpler import registration process as opposed to the previously proposed licensing regime.

The new ‘imports management system’ may require companies to obtain ‘registration certificates’ for imports of laptops, tablets and personal computers, one of the officials said.

India’s electronics imports, including laptops, tablets and personal computers, stood at $19.7 billion in the April to June period, up 6.25% year-on-year.

 

  • Reuters, with additional editing by Vishakha Saxena

 

Also read:

India Import Curbs on Tech Aimed at China, Officials Admit

Apple Bets on India’s Middle Class in Hunt for Future Markets

India Sees Foxconn, Micron Helping it Rival Chip King Taiwan

Foxconn Set to Double Jobs, Investment in India by 2024

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com

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