Import licensing on its own is not an industrial policy
The use of such licences is hard to justify even if government props for some industries may work out well
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The use of such licences is hard to justify even if government props for some industries may work out well
India cannot be a high-cost island but needs to be part of the global supply chain with low tariff barriers and minimum border controls by way of licences and phytosanitary restrictions
Import licensing for work devices like laptops and PCs are protectionist, with all its pitfalls, but could yet work for India if wielded well as part of a strategy for local manufacturing
In a notification, issued late Friday night , the Directorate General of Foreign Trade (DGFT) announced that the restriction on import of certain category of laptops and computers will come into effect from November 1 onwards.
On Thursday, it was announced that these regulations will apply with immediate effect, however, the sources tell Business Today that the implementation process will be carefully planned and executed.