Duty on LED Panels Could Go to Keep ‘Make in India’ on Big Screen
Samsung has stopped making TVs in India, LG may follow
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.