Xiaomi Says Import Restrictions on TVs will Boost Manufacturing in India
Aug. 1, 2020For the uninitiated, theDirectorate General of Foreign Trade (DGFT) has recently amended a policy that restricts imports of TV sets. Right now, almost 35% of TVs sold in India are imported – mainly from China, Vietnam, and Malaysia.
Xiaomi’s decision to favor the decision doesn’t really come as a surprise since it is not even significantly affected by this change. In fact, the company says itlocally manufactures over 85 percent of the Mi TVs sold in India.
“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,”said a Xiaomi India spokesperson.
The change in policy probably won’t affect end-users in a noticeable way in terms of pricing of TVs and their availability. This is because popular smart TV brands are already assembling their TVs in India.
It is worth noting that thegovernment has not imposed a ‘ban’ on TV imports. Brands will have the possibility to seek a relevant license from the government to proceed with the imports.
Subin writes about consumer tech, software, and security. He secretly misses the headphone jack while pretending he’s better off with the wireless freedom.
