44 IT hardware companies log in for PLI sops

economictimes.indiatimes.com:

Forty-four companies, including top brands, have already applied for incentives under the production-linked incentive (PLI) scheme for IT hardware manufacturing, a top government official said. The recently notified import restrictions on products such as laptops and tablets were introduced from a security perspective but will spur local production and won’t lead to supply disruptions, according to this person. IT hardware companies have been told about the licensing portal where it takes five to 10 minutes to get approval for an import licence, this official said.

“The regulations being imposed are from a security point of view, and these regulations will not create any disruption anywhere,” the official said. “Today, if you want to take permission under this regulation, it will not take you more than five to 10 minutes to fill the online application and get the approval. So nothing is going to be disrupted.” The official was referring to the import restrictions imposed on laptops, tablets, servers, all-inone personal computers and ultra-small form factor computers on Thursday.

Late on Friday, the government issued another notification deferring the implementation to November 1. Import consignments won’t need a licence until October 31. ET reported that the licensing requirement against import of IT hardware was to guard against in-built security loopholes that may potentially endanger sensitive personal and enterprise data.

The official said the move will lead to India becoming an export hub for laptops and servers. “There is already a clear ecosystem to manufacture laptops and servers,” he said. “Already, 44 companies have registered for the IT hardware PLI.