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zerfuffle ,

India submitting to Western capital

Classic

autotldr Bot ,

This is the best summary I could come up with:

NEW DELHI, Oct 13 (Reuters) - India is rolling back its earlier plan to impose restrictions on laptop imports, months after abruptly announcing such plans which came under criticism from industry and Washington.

“India will not impose restrictions on laptop imports,” Trade Secretary Sunil Barthwal told a press conference on Friday.

He said the government “only wants importers to be on close watch.”

The import licensing regime, announced on Aug. 3, aimed to “ensure trusted hardware and systems” enter India, but it was delayed by three months after objections from industry and criticism by Washington.

It would affect companies like Dell (DELL.N), HP (HPE.N), Apple (AAPL.O), Samsung (005930.KS) and Lenovo (0992.HK).

The government is holding consultations with the industry and a new order on laptop imports will be announced by the end of October, Directorate General of Foreign Trade Santosh Kumar Sarangi said.

The original article contains 153 words, the summary contains 143 words. Saved 7%. I’m a bot and I’m open source!

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