Restrictions on TV import will boost local manufacturing: Xiaomi

The Directorate General of Foreign Trade (DGFT) recently modified a policy due to which the import of TVs got restricted. Though it’s not a ban, the companies need to get a relevant license from the Indian government to proceed. Currently, 35% of the televisions sold in our country are imported and the regions are China, Malaysia, and Vietnam.

After the declaration of this restriction, Xiaomi India fully goes with it and says this move will boost the local manufacturing of televisions. This statement from Xiaomi is not surprising, as the company is manufacturing its TVs here from 2018. Along with that, 85% of the sets sold in our country are locally manufactured.

Made in India_TechnoSports.co.in

“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,” – a Xiaomi India spokesperson.

Maximum of the popular TV brands, available in India, already have manufacturing units here. SO, they will not get affected highly. But some of the companies who sell their products through e-commerce platforms will be effected surely.

In the fiscal year 2020, the total amount of imports that come under the restricted category was $781 million, among which $428.37 million is from Vietnam and $292.48 million is from China.

Source

Do Check Out 👇🏼

TechnoSports 🔥 Stay Upated

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Top 10 Most Popular International Cricket Teams on Social Media

Top Popular International Cricket Teams on Social Media 2025

Top Popular International Cricket Teams on Social Media: The cricket-playing nations across the world have die-hard fans...
India’s Bold Vision: 5,000 Unicorns in the Future – Piyush Goyal

India’s Bold Vision: 5,000 Unicorns in the Future –...

India has emerged as a global powerhouse for startups, with a thriving ecosystem that fosters innovation, entrepreneurship,...
ICC ODI World Cup: Top 5 Highest Score in World Cup history - all the details you need to know about!

ICC ODI World Cup: Top 5 Highest Score in...

The ICC Men's Cricket World Cup has been a stage for cricketing excellence ever since it...
Brazil Legends Edge India All-Stars 2-1 in a Night of Football Nostalgia

Brazil Legends Edge India All-Stars 2-1 in a Night...

Football fans in Chennai were treated to an electrifying evening as the Brazil Legends secured a narrow...

Xiaomi Civi 5 Pro Certified, Snapdragon 8s Gen 4...

The Xiaomi Civi 5 Pro, which has been making headlines since December, has now received certification from...

LATEST NEWS

Murmur Tamil Horror Film on Amazon Prime Video: Everything to Know About This Chilling Found-Footage Thriller

The digital streaming landscape welcomes another spine-chilling addition as the Tamil found-footage horror thriller “Murmur” finds its new home on Amazon Prime Video. Released...

Karma Netflix Ending Explained: Fate, Revenge, and Justice in the Korean Thriller’s Shocking Finale

In the tangled web of vengeance, deception, and poetic justice that is Netflix’s latest Korean thriller “Karma” (악연), the final episode delivers a masterclass...

BLACKPINK at Met Gala 2025: Will Rosé and Jennie Grace Fashion’s Biggest Night? Fans React to Viral Attendee List

The intersection of K-pop and high fashion continues to captivate global audiences as rumors swirl about BLACKPINK members potentially making appearances at fashion’s most...

Mannara Chopra Bids Emotional Farewell to Laughter Chefs 2 as Show Extends: ‘It Felt Like Home’ Says Bigg Boss 17 Star

The sizzling pans and infectious laughter of Colors TV’s hit cooking reality show Laughter Chefs 2 will soon be missing one of its brightest...

Featured