India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and force them to boost local manufacturing.

India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect

  • AutoTL;DR@lemmings.worldBEnglish
    4·
    1 year ago

    This is the best summary I could come up with:

    NEW DELHI, Aug 3 (Reuters) - India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and force them to boost local manufacturing.

    Industry executives said a licensing regime would mean prolonged wait times for each new model they launch, and would come just ahead of a festive season in India when sales typically surge.

    India’s electronics imports, which include laptops, tablets and personal computers, stood at $19.7 billion in the April to June period, up 6.25% year-on-year.

    Research firm Counterpoint estimates India’s laptop and personal computer market to be worth $8 billion annually, with two third of those imported.

    The scheme is key to India’s ambitions to become a powerhouse in the global electronics supply chain, with the country targeting annual production worth $300 billion by 2026.

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