In a move to promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China, the government of India on Thursday imposed restrictions on imports of colour televisions.
The Directorate General of Foreign Trade (DGFT) said in a notification that “Import policy of colour television…is amended from free to restricted.”
Actually, putting an item under a restricted category of imports means the importer of that commodity will have to seek a licence from the commerce ministry’s DGFT for the imports.
The major exporters of TV sets include China, Vietnam, Malaysia, Hong Kong, Korea, Indonesia, Thailand, and Germany.
This imposed is affective on TV sets of screen sizes ranging from up to 36 cm to over 105 cm. Liquid crystal display (LCD) television sets of screen sizes below 63 cm are also covered under these restrictions.
According to the reports from TOI, India imported colour TV worth $781 million in 2019-20. Also, in the last financial year, imports from Vietnam and China stood at $428 million and $293 million respectively.
People familiar with this matter are saying that these moves will strengthen the Aatm Nirbhar Bharat Initiative that has announced by PM Modi in the earlier months.