India Business News: India's new system of authorization for the import of personal computers, laptops, and other IT hardware products will be discussed at TPF.
Though India has allayed US concerns that it has no plans to expand the use of import management system for the IT hardware products such as personal computers and laptops beyond the listed products multilaterally, officials said the issue could be discussed bilaterally at the forum. Washington had said that the measure prompts its firms to think twice about doing business in India and it would impact its exports.
India on Tuesday told the World Trade Organization (WTO) that it has no plans to expand the use of import management system for the IT hardware products such as personal computers and laptops beyond the listed products. Replying to questions raised by the US, New Delhi said that industry consultations were undertaken prior to the notification issued on August 3 and a transition period of three months was provided till October 31, 2023, wherein further comments were sought from trade and industry.
"As we set our sights on the dynamic and rapidly growing Indian market, I am truly optimistic about the immense opportunities it presents for Acer. The Indian landscape is a thriving ground for innovation and expansion, and we believe in the potential of the Indian consumer base,” said Jason Chen, Chairman and CEO of Acer Inc.
India Business News: The Indian government has approved 110 out of 111 applications for the import of laptops, computers, and other IT hardware products. Companies such as