India is looking to capitalise on the shift away from China as companies diversify their global supply chains, before the window of opportunity closes.
The PLI scheme, approved by the Union cabinet in May with a budgetary outlay of ₹17,000 crore, covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices | Latest News India
In a move that could push the PLI scheme which is expected to incentivise local manufacturing, the government in August imposed restrictions on import of IT hardware from November, with companies requiring a licence to import products from abroad. However, the government has now learnt to have called off plans to impose a licensing regime, and instead will look to regulate inbound shipments through an import management system.
Ribbon Communications: The US multinational employs more than 1,000 individuals in India that includes R&D, product development as well as sales and service support functions.
Prime Minister Narendra Modi's vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India, Minister of State for Electronics and IT Rajeev Chandrasekhar said.