No plan to immediately cut imports of laptops: IT secretary

Quick Summary:

India will not immediately restrict laptop imports, expecting local production to grow through initiatives like the Rs 17,000 crore PLI scheme by companies such as HP and Dell.

Additionally, the government is finalizing an enhanced financial incentive plan to attract new semiconductor investments.

So, I think we need to have a simple, easy to administer, clean mechanisms which they can take up and run with." Asked whether India's package will be bigger this time than the last one, he said, "Definitely not smaller...

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Article Details

Author / Journalist: Pankaj Doval

Category: EconomyBusiness

Markets: IndiaAfghanistanChinaJapanPakistanZimbabwe

Topics: Local laptop production Semiconductor incentive plan Business news IT hardware manufacturing India Laptop imports Production-linked incentive scheme

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 02:16:39 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 910 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24913784

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