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IT Hardware Imports Surge 50% In August From July After License Restriction

IT Hardware Imports Surge 50% In August From July After License Restriction
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Tejas bagadiaTeam computers

IT Hardware: IT hardware imports surge in August after licensing order

The Director General of Foreign Trade (DGFT) put the import of IT hardware, including laptops, PCs and servers, under the restricted category last month, calling for a licence. The notification, passed on August 3, was amended a day later, deferring implementation to November 1, giving the industry three months to recalibrate. The order, however, has led to fears of supply disruptions and price increases once the restrictions kick in.

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IT Hardware Imports Surge in Aug after Licensing Order

Indias IT hardware imports surged as much as 50% in August from July, ahead of licensing rules taking effect on November 1. Companies advanced procurements fearing a supply crunch, said manufacturers and a leading system integrator that buys from distributors and producers and supplies to enterprises.

Tejas bagadiaTeam computersBureau of indian standardsDirector generalForeign tradeIndian standards

IT hardware imports surge in August after licensing order, Telecom News, ET Telecom

IT Hardware: August imports exceeded 1.2 million units, up from 800,000 in July, due to increasing orders from enterprise customers as well as original equipment makers (OEMs) that want to ensure adequate stocks during the festive season and for corporate requirements, an expert said. An industry grouping pegged the import spike at 20-30%.

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