Earlier this year, the Government of India imposed restrictions on the import of Laptops in India by companies sans license. Considering the industry concerns, the government rolled back its decision and implemented a “New Import Management System” in which the company is required to register the quality and value of imports.
India’s New Import Management System
The new system is now effective from November 1, and a total of 110 companies have successfully received approval to import laptops, tablets, and other IT hardware. The list includes big names like Samsung, Apple, Xiaomi, Lenovo, HP, Dell, Acer, and IBM. Speaking on the occasion, the official said, “Around 110 import authorizations have been issued to date. All major IT hardware companies have already availed authorisations. All applications received are being disposed of within the time stipulated. There is no pendency as on date.”
The New Import Management System is applicable to personal computers, microcomputers, mainframe or large computers, and data center machines. The idea behind the new system is to monitor the shipments and establish trust in the supply chain while ensuring smooth market supply.
However, there are some roadblocks to getting authorizations for the companies which are currently on the “denied entry list”. The imports are also denied for the companies that are importing refurbished or second-hand goods in India. The new policy also allows private companies to import on behalf of government agencies for defense and security purposes.
India is enhancing its efforts to ramp up production and manufacturing of IT hardware in the country. The government is offering incentives for electronic device manufacturing companies.
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