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Import restrictions on colour television to give a boost to local manufacturing: Xiaomi

TV manufacturers like China's Xiaomi said the Indian government's decision to impose restrictions on the import of colour television (TV) sets will encourage and give a boost to local manufacturing. "Currently, over 85% of our Mi TVs sold in India are manufactured in India. We believe that this decision will encourage and give a boost to local manufacturing," Xiaomi India spokesperson said. Indian Cellular and Electronics Association (ICEA), which represents the likes of Xiaomi, Realme and OnePlus, welcomed the decision to restrict imports of colour TVs, saying India has enough manufacturing capacity and the much-needed move will boost local production.

Read More at The Economic Times News date : 1 Aug 2020, Saturday

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