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Government’s decision to restrict television imports strengthens PM Modi’s determination to win locally: industry body
The Commerce Department issued a notice on Thursday saying it would limit inbound shipments of televisions by requiring importers to obtain a special license.
He gave few details, but the regulations are expected to come into effect soon, creating barriers for companies such as South Korean companies Samsung Electronics and Chinas Xiaomi.
Both companies import high-end models, although they manufacture the bulk of their televisions for the Indian market locally through subcontractors. Japan Sony manufactures 99% of its TVs for the Indian market locally, so it is unlikely to be affected.
We have sufficient manufacturing capacity in India and therefore imports of CBUs (fully built units) are not required, Pankaj Mohindroo, chairman of Indian Cellular and Electronics Association (ICEA) said in a statement Friday.
We are losing valuable jobs because of relentless imports, he said.
Last month, in a similar move, India restricted imports of tires in the categories of tires and radials used in buses and motorcycles.
Indian TV imports were worth $ 780 million in 2019-20, the ICEA said.
Samsung did not respond to a request for comment, while Xiaomi said 85% of its TVs are made locally and pressure from Indian governments will strengthen. Domestic production.
Modi called for a self-sustaining India and launched his Make in India campaign in 2014 to strengthen the country’s manufacturing sector and reduce imports of products made abroad.
The relations of the new Delhis with the Chinese manufacturing giant have in any case deteriorated following a border clash between the two rivals armed with nuclear weapons in June which resulted in the deaths of 20 Indian soldiers.
At the end of last month, India banned 59 mobile apps, mostly Chinese, including Bytedances TIC Tac and Tencents WeChat.
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