Schedule a Call Back
Indian govt targets 70% local it hardware production in 3 years
Industry News- Oct 04,23
The government plans to curtail the import of parts and components from China, emphasising the importance of trusted sourcing and locations.
The Indian government, according to Minister of State for Electronics and IT, Rajeev Chandrasekhar, has set a target to fulfill 70% of the country's IT hardware demand through domestic production within the next three years. This initiative aims to reduce reliance on imports from untrusted sources. Discussions within the Ministry of Electronics and Information Technology (MEITY) suggest a potential delay of 9-12 months in implementing import duty restrictions on PCs, laptops, and tablets, providing temporary relief to major manufacturers like Apple, Samsung, and Lenovo.
The government plans to curtail the import of parts and components from China, emphasising the importance of trusted sourcing and locations. Efforts are underway to incentivise companies to engage in domestic manufacturing under the 'Make in India' campaign, aiming to minimise dependence on imports. While Minister Rajeev Chandrasekhar did not specify any particular region, he emphasised the government's desire to significantly increase the proportion of locally sourced components.
Chandrasekhar stressed the need for a trustworthy supply chain to support India's internet infrastructure, cloud services, and user base. The government's focus is on ensuring that a substantial portion of the supply chain is either of Indian origin or manufactured within the country.
Source: Indiatimes
Indian government
IT hardware production
Make in India
Rajeev Chandrasekhar
MEITY talks
Apple
Samsung
Lenovo
Related Stories
Automation & Robotics
How MNCs are strategising to capture market in India
Today, the Indian MNC scene is changing vastly, with many new ones setting up shop in India. With China becoming less attractive, India is becoming the go to place, writes R Jayaraman and Firoz S Ri..
Read moreElectrical & Electronics
The Cable & Wire Fair is a catalyst for growth: Priyank Jain
In this interview, Priyank Jain, CEO of Tulip 3P Media, elaborates on the evolution of Cable & Wire Fair (from a humble beginning to India’s flagship wire, cable & allied industry expo) and its in..
Read moreRailways
Railway Minister Ashwini Vaishnaw visits Alstom’s rolling stock plant in Savli
Alstom’s Savli facility reviewed by Ashwini Vaishnaw as India strengthens its position as a global exporter of bogies, coaches, locomotives, and propulsion systems under the ‘Make in India’ mi..
Read moreRelated Products
Insulated Gate Bipolar Transistors
Electronic Control Devices
STMicroelectronics India offers insulated gate bipolar transistors (IGBTs).
Serial Extender
Electronic Control Devices
Sparr Electronics Ltd offers a wide range of serial extender. Read more
Radio Remote Control Pendent Station
Electronic Control Devices
Sibass Electric Private Limited is a manufacturer and supplier of radio remote control pendent station.
Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
