Electronics Import

Electronics manufacturers hope for a production-linked incentive scheme in the upcoming Budget, while the government hopes production can move to Tier II towns to generate jobs

It recommended the government to come up with revised electronic components production-linked incentive schemes with higher incentives in the range of 35-40 per cent to reduce dependence on imports

ICEA said the scheme would increase domestic value addition, especially in mobile phone manufacturing, from the current 18 per cent to 35-40 per cent, to support the growing demand

The South Asian nation plans to impose a new license requirement for tech imports from Nov. 1, spanning everything from laptops and tablets to servers and components for datacenters

The organisation has projected that components and sub-assemblies could provide a $100-billion export opportunity in the next five years

In the Budget for 2021-22, finance minister Nirmala Sitharaman introduced higher import duty rates on over a dozen handset and automobile components.

The move comes hard on the heels of protests in front of the gates of Chinese mobile device manufacturer Oppo, which has a unit in Greater Noida

With consignments stuck at ports in the two countries, manufacturers now fear a severe impact on their festive season plans if the issue is not resolved by mid-July.

As a large number of components continue to be imported from the neighbouring country, makers of mobile handsets, air conditioners, television sets and refrigerators may face a supply crunch

Indian electronics and hardware market grew by 8.6% YoY to reach $75 billion in 2015