Good News Boost for 'Make in India': Govt halves import duty on TV panel part to 5%

[rahul1117kumar]

The government has slashed the duty on a key component of TV panel to 5% from 10% at present, giving relief to companies. TV makers said the move will drive in affordability and lead to creation of manufacturing jobs.

The 10% duty had been imposed on ‘open cell’, the most critical part in a TV panel, in the Union Budget, which had prompted companies to look for a 5-6% increase in retail price. Also, they had complained that the measure would impact job creation as import of fully-built TVs would become more lucrative than making them in India. TOI had highlighted the problems faced by TV companies in a report carried in the March 17 edition.

Boost for 'Make in India': Govt halves import duty on TV panel part to 5% - Times of India

 

[Bapun]

In a post on X, formerly known as Twitter, he said, “Do you know that 80% of the components of most TVs made in India come from China? In the name of ‘Make in India’, we are merely assembling, not truly manufacturing. From iPhones to TVs – the parts come from abroad; we just put them together."

The Congress leader also pointed out at the structural issues and said, “Small entrepreneurs want to manufacture, but there's neither policy nor support. On the contrary, heavy taxes and the monopoly of select corporates – which have gripped the country's industry.”

‘80% of TV components come from China’: Rahul Gandhi says, ‘Make in India is just assembly, not manufacturing’; calls for 'ground-level change' | India News - Times of India

India News: NEW DELHI: Leader of Opposition Rahul Gandhi on Saturday called for a \"ground-level change\" to make India a true manufacturing power. He said under th.

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