INDIAN GOVERNMENT ADDS RESTRICTIONS TO IMPORT OF COLOUR TVS IN MOVE TO PROMOTE “MAKE IN INDIA”

The government on Thursday imposed restrictions on imports of color television, a move aimed at promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China.

“Import policy of color television…..is amended from free to restricted,” Directorate General of Foreign Trade (DGFT) said in a notification.

Putting an item under a restricted category of imports means the importer of that commodity will have to seek a license from the commerce ministry’s DGFT for the imports.

The significant TV exporters sets include China, Vietnam, Malaysia, Hong Kong, Korea, Indonesia, Thailand, and Germany.

The curbs are imposed on TV sets of screen sizes ranging from up to 36 cm to over 105 cm. Liquid crystal display (LCD) television sets of screen sizes below 63 cm are also covered under the restrictions.

India imported color TV worth USD 781 million in 2019-20. Imports from Vietnam and China stood at USD 428 million and USD 293 million respectively in the last financial year.

Commenting on the development, President and CEO Panasonic India Manish Sharma said that consumers are going to get high quality assembled TV sets now.

“It will have a positive impact on domestic assembling, which happens here. Leading brands already have manufacturing and assembling units in the country. So, it is not going to impact us,” he said.

The move will have a procedural impact, he added.

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