Apple, Samsung and HP, among the big companies manufacturing devices, have stopped the import of laptops and tablets in India. The central government had on Thursday banned the import of these devices without a license. Its objective is to increase local manufacturing of electronics. However, this decision of the government has dealt a big blow to companies manufacturing personal computers, laptops and tablets. Most of these companies import these devices for sale in the country. In the Bloomberg report, quoting sources having knowledge of this matter, it has been said that these companies are in talks with the government to soon get a license to import these devices. For them the festival season is very important in terms of sales. Queries sent to Apple, Samsung and HP in this regard did not receive any response. This may increase problems for companies like Apple and Samsung. These companies are already struggling with excess inventory in the international market and slowing growth. This decision can have a big impact on the import of laptops and personal computers from China. The import of electronics in the country during April to June was approximately $19.7 billion. This included laptops, personal computers and tablets. In this regard, it was stated in the notice issued by the government, “Import will be allowed on valid license for limited import.” The share of electronics in the country’s total merchandise imports is 7 to 10 percent. Ali Akhtar Jafri, former director general of MAIT, an organization associated with the electronics industry, says, “The purpose of this decision is to increase manufacturing in the country.” Through production-linked incentives, the government is trying to increase local manufacturing in more than two dozen sectors including electronics. With an aim to attract large investments in IT hardware manufacturing, the government has extended the deadline to apply for the $2 billion Manufacturing Incentive Scheme. This scheme is important to make the country a major force in the global electronics supply chain. The government aims to increase the annual production of electronics to $300 billion by 2026. Big companies selling laptops in the country include Apple, Dell, Lenovo and HP, Acer, Samsung and LG. A large number of laptops are imported from countries like China.
Tag: government
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Mukesh Ambani eyes semiconductor manufacturing, Reliance in talks with foreign chipmakers
Billionaire Mukesh Ambani’s Reliance Industries plans to enter semiconductor manufacturing. With this, the increasing demand for semiconductors in the country can be met. This company involved in business ranging from energy to telecom is in talks with foreign chipmakers for technology partnership. Sources with knowledge of this said, “This is a plan and there is no time limit on it.” Sources said that Reliance has not decided whether it wants to invest in this sector or not. It is not known with which foreign companies Reliance is in talks. A request for comment sent to Reliance in this regard has not received a response. The Prime Minister’s Office and the IT Ministry also did not respond to requests for comment. Prime Minister Narendra Modi had said about two years ago that he wanted to make the country a hub of semiconductor manufacturing for the world. Recently Modi had told that an ecosystem is being prepared for the semiconductor industry in the country. Technology companies will be given 50 percent financial assistance for setting up semiconductor manufacturing units in the country. He said that India is becoming a hub for investment in the semiconductor sector. The world needs a reliable chip supply chain. There is no chip manufacturing plant in the country. However, Vedanta and Taiwan’s Foxconn have planned to set up semiconductor manufacturing plants. Sources, on the condition of anonymity, said that Reliance can get ease in its telecom and electronic devices business through semiconductor manufacturing. The company had postponed the launch of low-cost smartphones about two years ago due to chip shortage. The demand for semiconductors is also increasing in the country and abroad. The central government estimates that the country’s chip market will grow to about $ 80 billion by 2028. This market is currently worth around $23 billion. Arun Mampazhy, a former executive of US chipmaker GlobalFoundries, says that Reliance, with a market capitalization of about $ 200 billion, is among the companies best placed to enter the semiconductor industry in the country. -
China calls iPhone 15 a security threat, bans its use in government agencies
The sales of American company Apple, which makes worldwide famous iPhones, may decline in China. Apple launched the iPhone 15 series on Tuesday. China says that there are security related problems with these smartphones. However, along with this the Chinese government has said that it is not banning their purchase. “We have seen numerous media reports about security incidents involving the phones,” China’s Foreign Ministry spokeswoman Mao Ning said at a regular news conference in Beijing on Wednesday. Bloomberg News reports that China is planning to ban iPhone in many government companies and agencies. This may increase challenges for Apple in its biggest foreign market. Apple also produces iPhones on a large scale in China. Many agencies in China have instructed their employees not to bring iPhones to the workplace. Ning said, “China has not issued any laws or regulations banning the purchase of Apple or foreign brands’ products. The government attaches great importance to security and all companies doing business in China are required to comply with its laws and regulations.” Must be followed.” In this press conference held a few hours after the company launched the new iPhone 15 series in Apple Park, California in America, China has expressed fear of security threat from these smartphones. The new iPhone series includes iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. The new A17 Bionic chipset has been used in the Pro models of iPhone 15. The company claims that this chipset has better efficiency and more power than A16. Apple has planned to increase manufacturing in India. The company has prepared to shift a large part of its manufacturing in China to India. Recently Apple also opened two retail stores in India. These stores are getting good response. Sales of iPhones have increased in the country in the last few years. -
Government will not impose additional tax of 10 percent on diesel cars
The central government is not considering the proposal to impose additional Goods and Services Tax (GST) of 10 percent on diesel cars. Road Transport and Highways Minister Nitin Gadkari has given this information. A large number of diesel-powered vehicles are used in the country. However, a news agency report on Tuesday quoted Gadkari as saying that a proposal to impose additional 10 percent GST on diesel vehicles will be given to the Finance Minister. After this, Gadkari gave a clarification on X (earlier Twitter) saying that the government is not considering any such proposal. According to this report, the proposal to impose additional tax on diesel vehicles will be given to the Finance Minister by Gadkari. Its objective was to stop automobile companies from manufacturing and selling diesel engine vehicles. Gadkari had said that if the automobile industry does not stop making diesel cars, the government will increase the tax so much that it will become difficult to sell diesel vehicles. Gadkari has said in clarification regarding this that the government is not considering any such proposal. He said, “There is an immediate need to clarify media reports regarding additional 10 percent GST on the sale of diesel vehicles. It is important to clarify that the government is not considering any such proposal. Our carbon net by 2070 “With the commitment to achieve zero and reduce air pollution caused by harmful fuels like diesel, it is necessary to use environment friendly alternative fuels. These fuels should be import substitutes, low cost, indigenous and pollution free.” In the report regarding imposition of additional tax on diesel vehicles, Gadkari was quoted as saying that diesel is a harmful fuel and the country imports it in large quantities. The automobile industry should reduce its production of diesel engines. If this does not happen then the government will be forced to increase the tax on diesel vehicles. Gadkari had recently launched a car that runs completely on ethanol. In many other countries too, emphasis is being laid on vehicles running on alternative fuels.