Samsung finds govt sops to resume TV production not according to its script

The government's offer of reducing customs duty on key components will not suffice

Samsung TVs
Premium

Samsung

Arnab Dutta New Delhi
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.

Also Read

Samsung Galaxy S10-series, Fold, wearables launched: Take a 360-degree view

Samsung Galaxy A9 (2018) review: How well do these quad cameras work?

Samsung Galaxy M10 review: Despite flaws, a decent value-for-money phone

Samsung J6+ review: Sturdy phone that can weather falls like Nokias of yore

Samsung Galaxy J4+ review: Feature heavy, but camera, display found lacking

Sebi asks Sun Pharma to explain alleged fund diversion of Rs 42,000 crore

Reliance AIF's first commodity fund plans to raise Rs 700 crore

Nissan Motor India plans to roll out a subscription plan for Kicks

US sportswear major Under Armour plans to enter India, eyes malls

National Housing Bank proposes tighter norms for HFCs; caps borrowing

First Published: Mar 06 2019 | 1:45 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com