The Manufacturers' Association for Information Technology (MAIT) has announced that the Indian electronics market is set to suffer a major slump in fiscal 2013-14 and Industry may lose over Rs 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.
MAIT has warned the government to grant extension of the deadline by a minimum six months otherwise there would be a supply crunch in the market and the already troubled IT Hardware Industry would suffer huge losses.
J V Ramamurthy, President, MAIT said, “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.”
The Industry body also highlighted that the test labs need time to understand the products and formulate testing standards and documentation of various categories of equipment.
