New Delhi: The Directorate General of Foreign Trade (DGFT), on Thursday evening amended the import policy of colour television from free to restricted category.
One of the officials of DGFT said, “Import of colour TV is now in the restricted category, which would necessitate an importer to seek import license from the government. The main purpose of this move is to check the influx of China TVs”.
This step will be difficult for the products arriving from China and other countries along with Vietnam, Malaysia, Korea, Hong Kong, Indonesia, Thailand that worth Rs 7,000 crore. This provides a large benefit for contract manufacturers.
The official Notification stated, “The procedure for grant of licence will be separately issued by the Directorate General of Foreign Trade (DGFT)”.
A road map has already been prepared to boost domestic production and decrease the export of goods. The other categories which also includes restrictions upon products are set-top boxes, CCTV cameras etc. Reportedly, the government will also move the licence of imports of 10-12 items from China.
Sunil Vachani, chairman of local contract manufacturer Dixon Technologies that makes television sets for big companies like Samsung and Xiaomi in its factories said, “This is a welcome measure, and aggressively encourage more local assembly and manufacturing”.
The government of India has been taking various steps against China after the brutal spurt between Indian and Chinese soldiers in the Galwan valley in eastern Ladakh. The incident killed twenty Indian soldiers.
The official also said, “Many such items enter Indian market taking advantage of ASEAN India FTA imports at reduced or zero duty, putting our domestic industry at a disadvantage. Such imports cannot be controlled through increased duty rates. Hence, the government is taking measures such as non-duty actions like import restrictions”.
Previously on June 29, Prime Minister Narendra Modi announced a ban on 59 Chinese apps which included TikTok, UC browser, Hago, Helo, etc. due to threat on cyber security of the country.