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From a new data law to changes in taxation for the online gaming sector, 2023 saw a plethora of developments impacting Indias tech industry.
The electronics goods maker says it will invest up to Rs 250 crore in laptop production over six years; expects local value addition in laptops to hit 45 percent
IT Hardware: As of now, all companies can bring unrestricted supplies into India and the government will only start monitoring the inbound shipments as part of an import management system from November 1. But restrictions in terms of inbound shipments will come into effect from October/November next year and companies will get quotas.
Officials aware of the details told ET there are no restrictions for importing IT hardware till October next year, but the relaxations can be extended by another year, or till October 2025. But the relaxation will only be for companies which plan to manufacture locally and submit a detailed schedule to the government.
The Central government plans to meet up to 70 per cent of the country's demand for IT hardware through domestic production within the next three years and cut dependence on imports from non-trusted sources, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday.