India’s IT hardware imports surged as much as 50% in August from July, ahead of licensing rules taking effect on November 1. The order, however, has led to fears of supply disruptions and price increases once the restrictions kick in. Both expect September to see another surge as most consignments take four-six weeks to reach India. “There has been around a 27-28% spike in customers who had actually planned to procure stocks in November but have moved up to August,” Bagadia said. They have asked for an extension of another 9-12 months before implementing the licensing regime, so they get enough time to set up the ecosystem.

Source: Economic Times September 09, 2023 12:44 UTC