Panic buying? IT hardware imports rise 50% ahead of licence deadline

IT hardware imports have risen by as much as 50 per cent in August from July, The Economic Times (ET) has reported. This comes ahead of the licensing rules that take effect on November 1. The government imposed import restrictions on personal computers, laptops, tablets, and servers.

In the wake of these restrictions, companies are buying supplies as they fear a supply crunch in the future, the report cited industry insiders as saying.