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Made in India plans to give incentives on laptop production and export

New Delhi : After mobile phones, preparations are now being made to increase the production of Made in India laptops and its market share in the world. To carry out this work, the government is planning to give incentives on the production and export of laptops and tablets. Currently, the production of laptops, tablets and desktops in India is just $ 1.97 billion. At the same time, India imported $ 4.21 billion of these items in the year 2019. Of these, 87 percent was imported from China.

Five years ago India imported laptops, tablets and desktops from China for $ 2.83 billion, which reached the level of $ 3.65 billion last year. By March next year, this import is estimated to be $ 4.35 billion.

According to IT and Electronics Ministry sources, due to the tariff agreement of laptops and tablets, the import duty of these goods cannot be easily increased, but the manufacturing cost can be encouraged by reducing the manufacturing cost of these goods.

According to ministry sources, incentives can be considered for domestic as well as export incentives, only then manufacturing will be encouraged at the domestic level. Currently, the cost of manufacturing laptops and tablets in India is 10-20 percent more than in China and Vietnam. Manufacturing can be increased by reducing this gap. In China, which has more than 60 per cent share in the global market of laptops and tablets, labor costs are much higher than in India these days.

At the same time, due to China’s counterfeiting policy on products and China’s business fraud, countries in Europe are looking for an alternative to shopping for goods. Prabhaj Mahendru, chairman of the India Cellular and Electronics Association (ICEA), says Chabharat has a golden opportunity to be a major part of the global electronics supply chain, but it is not possible to rely solely on mobile phone manufacturing.

Laptop, tablet and desktop manufacturing value can be raised to $ 100 billion by 2025 by manufacturing in India for the world. This could create 5 lakh additional jobs and increase the flow of foreign currency worth $ 75 billion to India.

According to ICEA estimates, in 2019, the global market for laptops, tablets and desktops was $ 229.38 billion and 89 percent of their market is occupied by only 6 countries. In 2019, Indian share in global exports of these items was 0.015 percent.

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