Duty on LED Pan­els Could Go to Keep ‘Make in In­dia’ on Big Screen

Sam­sung has stopped mak­ing TVs in In­dia, LG may fol­low

The Economic Times - - Front Page - Wri­tankar.Mukher­jee @times­group.com

Kolkata: The gov­ern­ment is likely to scrap duty on open cell LED pan­els — a crit­i­cal tele­vi­sion com­po­nent — with duty-free im­ports from Asean coun­tries be­com­ing more at­trac­tive than man­u­fac­tur­ing TVs lo­cally, hurt­ing the ‘Make in In­dia’ ini­tia­tive.

Mar­ket leader Sam­sung Elec­tron­ics has stopped mak­ing tele­vi­sions in In­dia and is now im­port­ing them from Asean count- ries, while LG Elec­tron­ics is said to be con­sid­er­ing fol­low­ing suit.

A se­nior of­fi­cial of the min­istry of elec­tron­ics and in­for­ma­tion tech­nol­ogy said the gov­ern­ment is con­tem­plat­ing re­mov­ing the 5% duty since it has been a blotch on ef­forts to en­cour­age man­u­fac­tur­ing in In­dia. The Depart­ment of In­dus­trial Pol­icy and Pro­mo­tion backs the move and a fi­nal de­ci­sion will be taken in con­sul­ta­tion with the finance min­istry, the of­fi­cial said.

LG In­dia, the coun­try’s sec­ond­largest tele­vi­sion player, has been con­tem­plat­ing im­port­ing fin­ished TV sets from Asean na­tions through the for­eign trade agree­ment route to re­main com­pet­i­tive.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.