Samsung India, the largest electronics manufacturer in the country, does not find the central government’s offer of incentives to restart television manufacturing attractive enough. It plans to ask for more benefits such as lower corporate tax and tax holiday, in line with what Vietnam offers, sources in the know said.
The Gurugram-headquartered entity halted production of TV sets in India last year, after the government raised the import duty on key components like LCD/LED panels and open cells. The manufacturing base was shifted to Vietnam.
In recent discussions, government officials said they were open to consider reducing the duties on the two key components, which form over half the total production cost of LCD and LED sets.