Swipe through the latest business and wealth clues with our android app

TV makers may opt for license instead of local manufacture for premium models: Report

Television makers are more likely to acquire licenses to imports premium sets into the country, instead of setting up production facilities, as demand for these products may not warrant local manufacturing. Xiaomi, TCL and Samsung have no immediate plans to set up manufacturing line for large-screen premium models in India, while Sony and LG are also considering the licence route for 75 inch size and bigger models. Sony said it produces 99% of its TVs locally, while LG claims 96-97% units are India-made, Xiaomi makes 85% of their sets locally. License is required to import restricted goods in the country.

Read More at Moneycontrol News date : 1 Aug 2020, Saturday

©2020 TheNewsClues