'Electronics industry to lose Rs 1,000 crore'

The Manufacturers’ Association for Information Technology (MAIT) on Monday said that the Indian electronics market is set to suffer a major slump in fiscal 2013-14 and the 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 companies were ready to comply with these standards and tests, the government needs to address the issues faced by the Industry to meet 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.

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