Tag: laptop

Government Restricts Laptop, Tablet and PC Imports With Immediate Effect in Bid to Push Local Manufacturing

The government has restricted imports of laptops, tablets, and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing.

“Their import would be allowed against a valid license for restricted imports,” the notice said.

In April-June, electronics imports, which include laptops, tablets, and personal computers, were $19.7 billion (roughly Rs. 1,62,960 crore), up 6.25 percent year-on-year. Electronics imports range between 7 percent to 10 percent of the country’s total merchandise imports.

“The move’s spirit is to push manufacturing to India. It’s not a nudge, it’s a push,” said Ali Akhtar Jafri, former director general at electronics industry body MAIT.

The government has been trying to push local manufacturing by giving production-linked incentives in over two dozen sectors, including electronics.

It has extended the deadline for companies to apply for its $2 billion (roughly Rs. 16,550 crore) manufacturing incentive scheme to attract big-ticket investments in IT hardware manufacturing, which covers products like laptops, tablets, personal computers, and servers.

The incentive scheme is key to India’s ambitions to become a powerhouse in the global electronics supply chain, with the country targeting annual production worth $300 billion (roughly Rs. 24,81,400 crore) by 2026.

Dell, Acer, Samsung, LG Electronics, Apple, Lenovo, and HP are some of the key companies selling laptops in the Indian market and a substantial portion are imported from countries such as China.

Shares of Indian electronic maker Dixon Technologies rose over 5 percent on the news.

The intent seems to be “import substitution of certain goods that are imported heavily,” said Madhavi Arora, an economist at Emkay Global.

Laptops, tablets, and personal computers compose about 1.5 percent of the country’s total annual imports, and nearly half of those are bought from China, according to government data.

The government has imposed high tariffs in the past on products like mobile phones to catalyse domestic output.

Last year, it produced $38 billion (roughly Rs. 3,14,350 crore) worth of mobile phones in the country, while local production of laptops and tablets was just $4 billion (roughly Rs. 33,100 crore) in comparison, according to estimates from the industry body India Cellular and Electronics Association. 

© Thomson Reuters 2023 

Samsung launched the Galaxy Z Fold 5 and Galaxy Z Flip 5 alongside the Galaxy Tab S9 series and Galaxy Watch 6 series at its first Galaxy Unpacked event in South Korea. We discuss the company’s new devices and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Dell Posts 11 Percent Revenue Fall in Q4 2022 Days After Cutting Over 6,000 Jobs

Dell Technologies posted a smaller-than-expected fall in quarterly revenue on Thursday, as demand for servers and network equipment from large businesses helped cushion sluggish PC sales. Total revenue fell 11 percent to $25.04 billion (roughly Rs. 20,500 crore) in the fourth quarter that ended February 3, but came above a Refinitiv consensus estimate of $23.39 billion (roughly Rs. 19,200 crore) drawn from 12 analysts. Rising borrowing costs and lower consumer spending have hit Dell’s growth, as customers and businesses delay their system upgrades.

But storage and server demand has remained a bright spot, thanks to the ongoing digitization by corporates and the shift to hybrid work.

Revenue in the company’s infrastructure solutions group, which includes servers, storage devices, and networking hardware, rose 7 percent in the quarter. Meanwhile, commercial and consumer revenue, which indicates PC demand, was down 17 percent and 40 percent, respectively.

Still, the lifting of lockdowns in China, a key market as well as a dominant supplier of electronics components, is being seen as a positive for PC makers this year despite weak demand, and it will help them rein in costs amid a sobering economic outlook.

In early February, Dell said it was cutting over 6,000 jobs to reduce costs and ride out the demand downturn wrought by high inflation and rising interest rates. The company took a related charge of $367 million (nearly Rs. 3,000 crore) in the fourth quarter.

Smaller rival HP forecast current-quarter adjusted profit above estimates and maintained its full-year earnings target earlier this week.

Dell’s net income from continuing operations stood at $606 million (roughly Rs. 49,650 lakhs), compared to a loss of $29 million (roughly Rs. 23,750 lakhs) a year earlier.

© Thomson Reuters 2023

After facing headwinds in India last year, Xiaomi is all set to take on the competition in 2023. What are the company’s plans for its wide product portfolio and its Make in India commitment in the country? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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