IT hardware companies have been told about the licensing portal where it takes five to 10 minutes to get approval for an import licence, this official said. “The regulations being imposed are from a security point of view, and these regulations will not create any disruption anywhere,” the official said.
India is aiming to become self-reliant, and the government has come up with a Rs 76,000 crore package for semiconductor and display manufacturing, which is likely to reduce the company’s dependence on imports in the future.