Business Insight | Centre places import of colour TVs in restricted category

Marco Green
August 1, 2020

India's surprise move to restrict imports of TVs, announced on Thursday, will boost local manufacturing, strengthening Prime Minister Narendra Modi's flagship "Make in India" drive, an industry body said. The company expects this amount to further drop, thanks to the new import policy on color television sets, which has been "amended from free to restricted" by the Directorate General of Foreign Trade (DGFT).

The government has been putting Chinese investments and imports under strict scrutiny amid the border tension along the Line of Actual Control.

"The new announcement by DGFT will be a step towards encouraging homegrown brands to invest in manufacturing capabilities within India and lead to more employment, technology advancement, and local partnerships", Avneet Singh Marwah, Director and CEO, Super Plastronics Pvt Ltd, a Kodak brand licensee, told Financial Express Online.

Currently, only 35% of Mi TVs sold in India are imported. Out this amount, goods worth $428.37 million came from Vietnam, compared to $292.48 million from China.

This notification comes as Chinese imports and investments continue to face huge scrutiny in India after the recent India-China border clash at Galwan Valley that led to the death of 20 jawans.

On June 29, govt also banned 59 Chinese apps, including TikTok, on national security grounds.The Centre had said that these apps were "prejudicial to sovereignty, integrity and security of the country".

In this edition of Business Insight, we look into government's motives for imposing restrictions on imports.

Other reports by Click Lancashire

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