skip to content
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Industry reacts positively towards duty reduction on LED TV panel

- Advertisement -

The halving of import duty on a key component of TV panel to up to 5 percent came as a big relief for the manufacturers. Industry players believe that this duty reduction will not only boost domestic production but will also pave the way for more investments in the coming days.  

In the Union Budget 2018, finance minister Arun Jaitely imposed 10 percent duty on imported open cell TV panel. Because of sudden hike in import duty from 0 to 10 percent, companies like Samsung and Pansonic hiked prices of TV by up to 6 percent. But  with the recent cut down in import duty open cell from 10 percent to 5 percent has given a new lease of life to the TV makers. The industry welcomed this decision of the government with open arms and hoping that this move will give a boost to ‘Make in India’ initiative of the government and will also encourage affordability of TV. 

- Advertisement -

To take the insight of the industry we reached out to some leading LED TV makers and asked them to share their thoughts in this regard. 

“We are pleased with the GoI’s announcement of revising the BCD duty to 5 percent. This brings back the emphasis on GoI’s “Make in India” vision which will drive the momentum and develop new capacities for TVs within India. Going forward, the Consumer electronics industry can look forward to a developed manufacturing ecosystem whilst creating job opportunities.”

Manish Sharma, President & CEO, Panasonic India and South-Asia

“Though 5 percent on the open cell will encourage the demand to push manufacturing in India, such as the installation of more Clean Rooms for Panel Assembly and more Final Assembly lines in India, the manufacturing duty is still not justified; to the reason that no company manufacturers open cell in India, yet. In fact, mere 7 companies across the world manufacture open cell. However, those companies have no plans of setting up a plant in India. So, in order to encourage the Indian TV industry, there is a major call for Open CELL FAB to manufacture open cell in India. Only then this duty should be valid to promote the local purchase of open cell when the TVs are genuinely Real Make In India TV. Meanwhile, currently, the open cell is still imported from either China or Korea which accounts for 80% of the TV built and cost. The reduction of customs duty over importing products and components from foreign nations, by the government has enabled several brands to improve the technical aspects, considering the curtailing of customs duty by 5 percent.”

Arjuun Bajaj, CEO and founder of Daiwa

” This decision has come as a breather for the LED TV Industry.This reflects the governments vision and strong emphasis on Make In India.This will further impact the manufacturing ecosystem and will provide more job opportunities for skilled and unskilled workers.We as a company will try to absorb this duty to boost the demand.This will help the brands like us to develop our strong foothold in manufacturing industry and establish as a long term.”

Saurabh Kabra, Director – Business Operations India, Truvison

“We welcome the move as the government has taken corrective measure on its budget announcement. This will bring back focus on Make in India and correct the anomalies of inverted duty structure that has been hurting domestic manufacturing capacity building and thereby our competitiveness. It will encourage localisation, setting up of a components ecosystem in India and will give a boost to plans for local manufacturing. In lieu of the reduction in duty and our focus on consumers, we will re-visit our pricing strategy for the upcoming LED TV models as we aim to offer our products at the best affordable price.”

 Nidhi Markanday, Director, Intex Technologies

By Shruti Mishra

- Advertisement -

Most Popular Articles

The Most Popular Smartphone of 2024 Is Apple’s iPhone 15!

0
With Apple and Samsung dominating the 'Top 10', iPhone 15 becomes the most sold smartphone worldwide in 2024. Samsung claimed four spots, led by...

Tata To Complete Micron’s Sanand ATMP Facility By December 2025

0
Set to generate massive employment, Tata Projects revealed that Micron’s ATMP facility in Sanand will be completed by December 2025. After the handover, Micron...

Tata Electronics Expands Team In The US, Eyes Business Growth

0
To strengthen global client ties and drive new business growth, Tata Electronics is reportedly expanding in North America, hiring professionals across the US in...

NXP to Reduce Workforce Amid Economic And Trade Pressures

0
Amid shrinking profits and demands and EU-US trade talks, NXP plans to reduce its workforce by 5 per cent in Europe as market pressures...
Quantum Technology

Japan’s New Tech Export Controls Strain China Trade

0
While the US pushes for stricter limits on tech exports, Japan tightens export controls on semiconductors and quantum tech, sparking China’s concerns over trade...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...
Sambit Parida, CTO and Co-Founder of IG Drones

“If A Hacking Attempt Is Detected, The System Automatically Secures Or Erases Critical Data...

0
From handling defence-specific tasks with or without human intervention to withstanding extreme weather, how capable are drones? What if someone tries to hack sensitive...

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...
Prem Kumar Vislawath, CEO and Co-Founder, Marut Drones

Marut Drone-Powered Solutions For Agricultural Intelligence And Automation

0
Founded in Telangana in 2019 by CEO Prem Kumar Vislawath with co-founders Sai Kumar and Suraj Peddi, Marut Drones leverages drone technology to tackle...
EV charging station (LEV AC)

Kazam Simplifies EV Charging With Innovative Hardware And Software Solutions For All

0
Kazam, founded in Bengaluru in December 2020, took an unconventional leap from content creation to pioneering electric mobility innovations in India. Initially launched as a...

Industry's Buzz

The Most Popular Smartphone of 2024 Is Apple’s iPhone 15!

0
With Apple and Samsung dominating the 'Top 10', iPhone 15 becomes the most sold smartphone worldwide in 2024. Samsung claimed four spots, led by...

Tata To Complete Micron’s Sanand ATMP Facility By December 2025

0
Set to generate massive employment, Tata Projects revealed that Micron’s ATMP facility in Sanand will be completed by December 2025. After the handover, Micron...

Tata Electronics Expands Team In The US, Eyes Business Growth

0
To strengthen global client ties and drive new business growth, Tata Electronics is reportedly expanding in North America, hiring professionals across the US in...

NXP to Reduce Workforce Amid Economic And Trade Pressures

0
Amid shrinking profits and demands and EU-US trade talks, NXP plans to reduce its workforce by 5 per cent in Europe as market pressures...
Quantum Technology

Japan’s New Tech Export Controls Strain China Trade

0
While the US pushes for stricter limits on tech exports, Japan tightens export controls on semiconductors and quantum tech, sparking China’s concerns over trade...

Learn From Leaders

Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...
Sambit Parida, CTO and Co-Founder of IG Drones

“If A Hacking Attempt Is Detected, The System Automatically Secures Or Erases Critical Data...

0
From handling defence-specific tasks with or without human intervention to withstanding extreme weather, how capable are drones? What if someone tries to hack sensitive...

Startups

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...
Prem Kumar Vislawath, CEO and Co-Founder, Marut Drones

Marut Drone-Powered Solutions For Agricultural Intelligence And Automation

0
Founded in Telangana in 2019 by CEO Prem Kumar Vislawath with co-founders Sai Kumar and Suraj Peddi, Marut Drones leverages drone technology to tackle...
EV charging station (LEV AC)

Kazam Simplifies EV Charging With Innovative Hardware And Software Solutions For All

0
Kazam, founded in Bengaluru in December 2020, took an unconventional leap from content creation to pioneering electric mobility innovations in India. Initially launched as a...