In yet another policy rollback, the government watered down its recent diktat restricting imports of seven electronic products including laptops. Instead, it unveiled a new contactless import authorisation system that requires IT hardware companies to reveal more details about the goods. Though India’s industrial policy rightly centres on boosting local production, creating employment and reducing import reliance, it should avoid misadventures like the recent import bans that only breed uncertainty for investors. Follow The New Indian Express channel on WhatsAppIn yet another policy rollback, the government watered down its recent diktat restricting imports of seven electronic products including laptops. Though India’s industrial policy rightly centres on boosting local production, creating employment and reducing import reliance, it should avoid misadventures like the recent import bans that only breed uncertainty for investors.

Source: Indian Express October 20, 2023 19:06 UTC