NEW DELHI: Days after imposing a ban on well-liked Chinese cell functions, the federal government has now imposed restrictions on the import of color tv units from China. The move is aimed toward boosting native manufacturing and is in keeping with Prime Minister Narendra Modi’s current ‘Vocal For Local’ name.
The restrictions have been introduced by the Directorate General of Foreign Trade (DGFT) on Thursday. The notification issued by the DGFT stated that the import coverage of color tv units has been amended from “free” to “restricted”. This implies that the import of TVs in sure classes will now require a licence from the federal government.
“Import policy of colour television sets… is amended from ‘free’ to ‘restricted’,” the Directorate General of Foreign Trade (DGFT) stated in a notification, including that it might individually problem the process for the grant of the license.
The import of Colour TV units that might be impacted by the brand new import coverage are: Colour tv units of display screen measurement as much as 36 cm; Television units of display screen measurement of 36 cm however not exceeding 54 cm; Television units of display screen measurement of 54 cm however not exceeding 68 cm; Television units of the display screen measurement of 68 cm however not exceeding 74 cm ; Television units of display screen measurement of 74 cm however not exceeding 87 cm; Television units of display screen measurement of 87 cm however not exceeding 105 cm; Television units of display screen measurement exceeding 105 cm; Liquid crystal show tv set of display screen measurement beneath 63 cm.
“Actual user conditions would not be applicable for importers applying for an authorization to import the goods ‘restricted’ in this notification. The procedure for grant of license will be separately issued by DGFT, ” the notification stated.
Reacting to the DGFT move, Kamal Nandi, Business Head & Executive VP, Godrej Appliances, stated, ” This is a welcome move by the federal government. The business was all the time on the lookout for such daring choice from the Centre. Consumers will not be impacted a lot by way of costs of TV.”
He added, “I dont see any price escalation. As majorly, big brands in this segment has manufacturing set up in India. The decision will impact those who do trading, like getting imports and further selling B2B or B2C. The decision will boost investments and increase job opportunities in India.”
Colour tv units value USD 781 million have been imported within the yr ended 31 March, most of which got here from Vietnam (USD 428 million) and China (USD 292 million). With this, the federal government has introduced again curbs that have been lifted almost twenty years in the past, in a measure to encourage home manufacturing.
This notification comes as Chinese imports and investments proceed to face immense scrutiny in India after the current India-China border conflict at Galwan Valley that led to the loss of life of 20 jawans.
The authorities has earlier cancelled railway and highway tenders secured by Chinese firms. It additionally imposed a ban on banned 59 Chinese apps, together with TikTok, on nationwide safety grounds. PM Narendra Modi has stated that India wants to finish its dependence on the import of devices, tools, photo voltaic panels and expertise from overseas nations, apparently pointing to imports from China.
Earlier this month, Union Power RK Singh additionally introduced India is not going to enable the import of energy tools from China and Pakistan due to cybersecurity threats. Last week, India restricted Chinese firms from collaborating in public procurement bids by India with out approval from competent authorities citing safety issues.