The government has removed import duty on open cell panel used in the production of TV sets to lower the cost
The government's move to impose restrictions on imports of TV sets will boost domestic manufacturing and assembling activities in India, according to leadingindustry players.
Brands such as Sony, LG, Panasonic, Thomson and contract manufacturers like Dixon Technologies say the ban would create a momentum for local manufacturing and create opportunities for the industry.
"India can emerge as the next hub for manufacturing TV not only for the Indian markets but also for the global market. This step is definitely in the right direction and will help in creating a global hub, which we want to be and it also helps to create a strong ecosystem for manufacturing of the products, Dixon Technologies Chairman Sunil Vachani told PTI.
First Published: Jul 31 2020 | 8:52 PM IST