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LCD/LED TV panel production up 20% in India

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ofweek news-LCD/LED TV panel production up 20% after govt bans free imports in India
NEW DELHI: Domestic production of LCD/LED TV panel's has increased up to 20 per cent during the September- November period, after the government ended duty-free import of high-end flat screen plasma televisions in August.

"After the government imposed duty finishing free baggage allowance, there was a rise of 20 per cent in the sales of the panel's in last three months (September-November)," Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Anirudh Dhoot said..

To boost the domestic production of high-end flat screen plasma TVs the government in August this year banned its duty-free import and imposed a levy of 36.05 per cent on them.

Dhoot said the biggest gainers were the companies such as Samsung which has two huge production units in India.

This has also helped the domestic companies to boost their production by raising their installed capacities," said Dhoot, on the sidelines of the CEAMA's 34th annual function.

He further added that the demand of the electronics in the Indian market is projected to rise to USD 125 billion in the next 2-3 years and may shoot to USD 400 billion by 2020.

"This experience of growth is driven by surge in disposable income level, changing lifestyles, the aspirational values of electronics goods and availability of the credit facility," said Dhoot.

He further added that the India Postal department could act as bridge to fill the gap as they have access to the 25,000 location across India compared to any logistics services in India.

Dhoot said that industry would like to participate as most of the durables and mobile companies have their websites but they receive order for products in India and from outside apart from e-commerce companies for delivering of their consignments.
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