Home Business India restricts import of Colour Television to promote domestic manufacturing

India restricts import of Colour Television to promote domestic manufacturing

The government on Thursday banned the import of color television. The move aims to boost domestic manufacturing of television (TV) and reduce imports of non-essential items from countries such as China.

New Delhi: The government on Thursday banned the import of colour television. The move aims to boost domestic manufacturing of television (TV) and reduce imports of non-essential items from countries such as China.

The Directorate General of Foreign Trade (DGFT) said in a notification, “The import policy of colour television has been changed from free to banned.”

This import ban is for a colour television set with screen sizes ranging from 36 centimeters to 105 centimeters, as well as LCD television sets with screen sizes of less than 63 centimeters.

source: HT Tech

To put any goods in the restricted import category means that the importer of the said goods will have to get a license from the DGFT of the Ministry of Commerce for import.

Major countries exporting TV to India include China, Vietnam, Malaysia, Hong Kong, Korea, Indonesia, Thailand and Germany.

India imported colour TVs worth $ 781 million in 2019-20. Imports from Vietnam and China were $ 42.8 million and $ 293 million respectively in the last financial year.

Responding to this, Panasonic India President and CEO Manish Sharma said that: now high quality assembled TV sets will be available to consumers.

Also Read:  Ravi Thakur - A small-town boy making his name in the field of digital marketing
Sunil Butolia
Founder & Editor-In-Chief of FAME Publish Sunil Butolia, is an Indian digital marketer and businessman.

Most Popular

Kim Kardashian and Ashton Kutcher to boycott Instagram for 24-hours as part of Stop Hate for Profit movement

A group of celebrities, namely Kim Kardashian, Ashton Kutcher, and Katy Perry amongst others are set to participate in a 24-hour Instagram...

Innoviti Becomes India’s First Payments SaaS Company to Receive Coveted SOC3 Seal of Excellence for Adhering to Trust Services Principles

Innoviti announced today that it has been awarded the SOC Compliance Seal (SOC2 and SOC3 reports for uniPAYNEXT application) as per the...

Amazon India Expands Its Fulfilment Network in Telangana; Ahead of the Festive Season

Amazon India today announced the expansion of its fulfilment infrastructure in Telangana with 2 new fulfilment centres (FC) in Hyderabad. This expansion...

Rocking Superstar, YASH Picks EXCEED Entertainment for Bollywood Representation

Exceed Entertainment, the pioneering talent management company headquartered in Mumbai, is pleased to announce that they have been picked by rocking superstar and multiple...