Building Atmanirbhar Bharat: Licences likely for furniture, toys and sports gear imports

Building Atmanirbhar Bharat: Licences likely for furniture, toys and sports gear imports

NEW DELHI: Imports of furniture, toys and sports goods are likely to require licences soon, a measure the government hopes will reduce imports and encourage domestic production, said people with knowledge of the matter. India has already imposed licensing requirements for tyres and colour TV imports, a big percentage of which comes from China. The … Read more

Apple vendors, Samsung, others propose Rs 11 lakh crore mobile phone production under PLI scheme

Apple vendors, Samsung, others propose Rs 11 lakh crore mobile phone production under PLI scheme

NEW DELHI: iPhone maker Apple’s contract manufacturers, as well as firms like Samsung, Lava and Dixon have proposed to produce mobile devices and components of over Rs 11 lakh crore in the next five years under the government’s new scheme to boost electronics manufacturing, according to sources. The proposals submitted by the companies to the … Read more