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India's IT Secretary Says No Immediate Plans to Reduce Laptop Imports

share-iconMonday, January 06 comment-icon2 weeks ago 5 views
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indiatimesINDIATIMES
India's IT Secretary Says No Immediate Plans to Reduce Laptop Imports

Credited from: INDIATIMES

  • India's IT Secretary, **S Krishnan**, announced there are **no immediate plans** to cut laptop imports.
  • The government expects **local production** to increase, aligning with the success seen in the **smartphone sector**.
  • To attract investments in **semiconductors**, a new financial incentive plan is in development, following the exhaustion of a **$10 billion package**.
  • Krishnan noted that India's incentive package for semiconductors might be **larger than the previous one**, which was comparatively smaller than those in the US and Europe.
  • The focus remains on **calibrating import management** to ensure stability in the market while increasing domestic manufacturing capabilities.

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Laptop imports India S krishnan Semiconductor incentives Local production
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