Nagpur :- The Confederation of All India Traders ( CAIT) has hailed the imposition of restrictions on imports of laptop , Computers and tablets. Such a step will boost domestic manufacturing and consumption of these items in furtherance of the Make in India vision of Prime Minister Narendra Modi.
CAIT National President B C Bhartia & Secretary General Praveen Khandelwal while commenting upon this step said that so far foreign goods were capturing the vast Indian market much to the disadvantage of the Consumer and local traders. With this step the quality Indian goods will be in demand and unnecessary flow of Indian currency to other Countries will be stopped.
Bhartia & Khandelwal said that it will stop Refurbrished items from being Imported. Whereas it will further stop Imports of substandard products.However, it shouldn’t effect the MOP of branded goods as the Import duty is nil. It will also discourage Fly by Night Imports which majorly evades GST. Foreign Companies who consider India as a vast market will be compelled to make investments in India for setting up their manufacturing plants in India.
