GOVERNMENT HALF THE BASIC CUSTOME DUTY ON LED PANELs - Ms.NIDHI MARKANDAY, DIRECTOR

Commenting on the government’s move to half the basic custom duty on LED TV Panels, Ms. Nidhi Markanday, Director, Intex Technologies, said, “We welcome the move as the government has taken corrective measure on its budget announcement. This will bring back focus on Make in India and correct the anomalies of inverted duty structure that has been hurting domestic manufacturing capacity building and thereby our competitiveness. 

It will encourage localisation, setting up of a components ecosystem in India and will give a boost to plans for local manufacturing. In lieu of the reduction in duty and our focus on consumers, we will re-visit our pricing strategy for the upcoming LED TV models as we aim to offer our products at the best affordable price.”

Intex that has been working on enhancing domestic capacities and has recently begun its own Open Cell Manufacturing or LED Panel manufacturing in Baddi, Himachal Pradesh to improve quality control and produce affordable quality products.