8.8 C
New York
Friday, August 14, 2020
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.

Sunil Butoliahttp://sunilbutolia.com
Founder & Editor-In-Chief of FAME Publish Sunil Butolia, is an Indian digital marketer, businessman, activist and philanthropist. Sunil is also the host of the FAME Podcast where he interviews the most successful business owners, leaders and change makers in the world.

Leave a Reply

Most Popular

Kas Andz – Founder of London Based Award-Winning Digital Marketing Agency

Kas Andz is an entrepreneur who runs an award-winning digital marketing agency based in London, UK. Managing a team of experts & specialists...

Shambho releases Man Soona, starring Pushkar & Smita by Dropout

Finally, Man Soona has been released. Shambho Rapper, one of the finest and Leading Marathi Rapper from the HipHop Industry has dropped...

Sheikh Asif – A school dropout now CEO & Founder of Uk Based Company

Srinagar: Some people don't let the constraints come in the way of their dreams. Meet Sheikh Asif, the 26-year-old entrepreneur from Batamaloo...

Interview with Ashwarya Ralhan a digital marketer from Delhi

Today we are going to meet you with Ashwarya Ralhan, a content creator from Delhi, always wished to do something creative in...

Recent Comments

किरण कुमार तितोरिया खटीक,मोबाइल नंबर,9967983086 on खटीक समाज के प्रभावशाली व्यक्तियों की सूची
%d bloggers like this: