Make In India Push: Govt Targets To Raise Local Sourcing of IT Parts To $20 Billion

News Snapshot:

The government is going to “severely restrict” imports of parts worth billions of dollars from China for IT hardware as part of ‘trust sources’ norms, according to a Times of India report quoting sources. It added that the Centre eyes a significant surge in local sourcing of components for laptops and servers at around $20 billion in the next 4 years against $1 billion now. “We will restrict the movement of parts and components from China, as the focus is on trusted sourcing and trusted locations. Also, we need to find out ways to encourage companies to ‘Make in India’,...