Indian IT Hardware Industry To Lose 1,000 Crore
The Manufacturers’ Association for Information Technology (MAIT), today, said that thw Indian electronics market is set to suffer a major slump in fiscal 2013-14 and Industry may lose over 1,000 crore if the government fails to extend the April 3 deadline of Compulsory Registration Order 2012.
Welcoming the government order that makes it mandatory for all manufacturers to get their electronic products certified for compliance with BIS standards, MAIT said that though the companies were ready to comply with these standards and tests, the government needs to address the issues faced by the Industry in meeting the deadline.
The Electronics and Information Technology Goods (Requirement for Compulsory Registration) Order 2012 has put a blanket ban on the sale of certain electronic products unless they meet the standard specified by BIS. The government order lists products under 15 categories ranging from video games, laptop, notebook, tablet and plasma/LCD/LED televisions, to microwave, printers and scanners, telephone answering machines and electronic music systems.
Demanding an extension of the deadline by a minimum six months, MAIT warned that if the government does not pay heed to its advice, there would be a supply crunch in the market and the already troubled IT Hardware Industry would suffer huge losses.
“It will also have a huge impact on the Indian Economy as there might be delays in the launch of new products and supply of key components in the market. This will eventually impact the consumers. The shortage and delays in supply will also severely hamper government and private projects, including ongoing e-Governance initiatives in India,” said J V Ramamurthy, President, MAIT.
PLEASE SUBSCRIBE AND SUPPORT US FOR MORE NEWS ...