Licensing will not be implemented for import of computers and laptops in the country. However, shipments of these devices will be monitored. Earlier in August, the central government had announced the implementation of the license requirement for import of certain products including computers, laptops and tablets from November 1. Commerce Secretary Sunil Barthwal told reporters, “We believe that there are no such restrictions on laptops. We are only saying that the import of laptops should be monitored. We are only monitoring. There are no such restrictions. Are not.” In this regard, the Director General of Foreign Trade (DGFT) has said that there will be an import management system for this. It will be implemented from November 1. The regulation of IT hardware industry is with MeitY. DGFT notifies decisions related to import or export of any product. However, the IT hardware industry has expressed apprehensions regarding this. An industry source said, “It will be like an import management system in which an authorization will be issued to people. It is a type of licensing.” In this, companies will have to request for a specific number of imports and they will get authorization for import. Samsung, one of the big consumer electronics companies, has prepared to increase manufacturing in the country. The company’s smartphones are already being produced in the country. Samsung also plans to manufacture laptops at its factory in Greater Noida, Uttar Pradesh. This will give a boost to the Make in India scheme of the Central Government. Under this scheme, incentives are given for electronics manufacturing. Samsung has prepared to set up a new laptop manufacturing unit in the factory that produces smartphones. This unit will have the capacity to manufacture 60,000-70,000 laptops annually. The government had announced a $2 billion manufacturing incentive scheme with an aim to attract large investments in IT hardware manufacturing. 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: investment
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Saving Tips: Salary ends with arrival! You will become rich by adopting the formula of 50-30-20.
Saving tips Saving Tips: If you are also facing such a problem, then the first thing to do is to make a budget of expenses according to your salary. To make a monthly budget, you can take help of the 50-30-20 rule. This formula is considered very effective financial planning.
Saving tips The formula of 50-30-20 rule for managing expenses was given by Elizabeth Warren, who was included in the US Senate and Time Magazine’s 100 most influential people. He told about managing expenses in his book All Your Worth: The Ultimate Lifetime Money Plan. In this he advised that a person should divide his income into three parts.
Saving tips In Elizabeth Warren’s formula, 50 means that we should spend 50 percent of our income on things that are very important for us. Like household ration, rent, children’s tuition fees, bank loan etc.
Saving tips Elizabeth Warren told that spend 30 percent of your salary on your desires. However, these are expenses which you can avoid. Under this, watching movies, going to parlor, shopping, eating out or any other hobby is included.
Saving tips In the book All Your Worth: The Ultimate Lifetime Money Plan, Elizabeth Warren recommends keeping 20 percent of your income for retirement planning, children’s higher education, children’s marriage and emergency fund.
Saving tips If you do your financial planning keeping these things of Elizabeth Warren in mind and write down the monthly expenses on a copy, then it will help you in saving your money. With this you can also save money more easily.
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There will be no need of licensing for import of computers and laptops in India
Licensing will not be implemented for import of computers and laptops in the country. However, shipments of these devices will be monitored. Earlier in August, the central government had announced the implementation of the license requirement for import of certain products including computers, laptops and tablets from November 1. Commerce Secretary Sunil Barthwal told reporters, “We believe that there are no such restrictions on laptops. We are only saying that the import of laptops should be monitored. We are only monitoring. There are no such restrictions. Are not.” In this regard, the Director General of Foreign Trade (DGFT) has said that there will be an import management system for this. It will be implemented from November 1. The regulation of IT hardware industry is with MeitY. DGFT notifies decisions related to import or export of any product. However, the IT hardware industry has expressed apprehensions regarding this. An industry source said, “It will be like an import management system in which an authorization will be issued to people. It is a type of licensing.” In this, companies will have to request for a specific number of imports and they will get authorization for import. Samsung, one of the big consumer electronics companies, has prepared to increase manufacturing in the country. The company’s smartphones are already being produced in the country. Samsung also plans to manufacture laptops at its factory in Greater Noida, Uttar Pradesh. This will give a boost to the Make in India scheme of the Central Government. Under this scheme, incentives are given for electronics manufacturing. Samsung has prepared to set up a new laptop manufacturing unit in the factory that produces smartphones. This unit will have the capacity to manufacture 60,000-70,000 laptops annually. The government had announced a $2 billion manufacturing incentive scheme with an aim to attract large investments in IT hardware manufacturing. 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. -
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.