DGFT Revises Import Restrictions On Components For TVs, Smartphones

- Advertisement -

The industry had warned against the restriction on shipments of key components emphasising that handset factories will have to suspend production in the next couple of days if they aren’t cleared

Keeping up with its efforts to ease procedures for electronics manufacturing, the Directorate General of Foreign Trade (DGFT) has revised the status for the import of specific components including flat panel displays and camera modules to ‘Free’ from ‘Restricted’ with immediate effect.

This move is expected to bring relief to smartphone makers who had feared large scale disruption to local manufacturing.

- Advertisement -

This is follows a meeting between the IT, finance and commerce & industry ministries. The industry had warned against the restriction on shipments of key components such as flat panel displays and camera modules for smartphones, which were held up by customs since February 9, emphasising that handset factories will have to suspend production in the next couple of days if they aren’t cleared.

“…Directorate General of Foreign Trade, following a meeting between the Ministry of Electronics & IT, Ministry of Finance and Ministry of Commerce & Industry, has agreed to remove restrictions on displays and camera modules that were brought in via a DGFT notification dated 09 February, 2022,” India Cellular and Electronics Association (ICEA) said in a release.

“We continue to believe that such Ease of Doing Business actions, based on consultations with the industry, will help India realize its target of becoming a global hub of electronics manufacturing and exports,” Pankaj Mohindroo, chairman of ICEA, said.

Handset companies had said that the ‘flat panel display’ modules are essential to mobile phones, TVs, notebook & tablet computers and all-in-one PCs (touch and non-touch), and were not manufactured in India. Hence these product segments are completely dependent on imports.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Breathing Through “First-Time Silicon Success”

0
No one is born a leader, but the choices we make in life propel us to become a leader. For Chitra Hariharan, an innocent...

Worldwide Chip Sales Increased By 1.1% In April, Marking First 2024 Growth

0
A new forecast predicts robust annual growth, and the semiconductor market shows strong momentum, especially in the Americas and China. The Semiconductor Industry Association (SIA)...

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...

Buzz

Honeywell, PwC India Empowers Businesses With Honeywell Forge

0
Honeywell and PwC India collaborate to enable companies with Honeywell Forge IoT software, leveraging analytics, machine learning, and AI to tackle industrial challenges and...

Electric Vehicle Startup Fisker Declares Bankruptcy

0
Fisker Group Inc., a division of the company, has filed for Chapter 11 bankruptcy in Delaware. The filing indicates that the company has estimated...

Karnataka Urges Centre for Semiconductor Investments Like Gujarat

0
State Minister MB Patil seeks semiconductor investment support from the central government, citing Micron’s $2.75B example in Gujarat under the Indian Semiconductor Mission.  On Tuesday,...

Important Sectors

Honeywell, PwC India Empowers Businesses With Honeywell Forge

0
Honeywell and PwC India collaborate to enable companies with Honeywell Forge IoT software, leveraging analytics, machine learning, and AI to tackle industrial challenges and...

Electric Vehicle Startup Fisker Declares Bankruptcy

0
Fisker Group Inc., a division of the company, has filed for Chapter 11 bankruptcy in Delaware. The filing indicates that the company has estimated...

Karnataka Urges Centre for Semiconductor Investments Like Gujarat

0
State Minister MB Patil seeks semiconductor investment support from the central government, citing Micron’s $2.75B example in Gujarat under the Indian Semiconductor Mission.  On Tuesday,...

GE, HAL partner To Produce Drones In India

0
General Electric partners with Hindustan Aeronautics to co-produce GE F414 engines and 31 MQ-9B drones in India, enhancing defence capabilities in a USD 4...

DERC Proposes 29.91% Green Energy Purchase Mandate

0
The draft regulation rolled out by the DERC calls for all stakeholders, including electricity distribution licensees, to adhere to the RPO target.  The Delhi Electricity...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...