Budget Expectation Quote By Mr. Avneet Singh Marwah, Director and CEO of Super Plastronics Pvt. Ltd

Union Budget 2019 is around the corner and speculations have started coming from different industry veterans.  Lately, the government had revamped the GST on a wide of range products to give some relief to dwellers of India. Also, another thing needs to be considered is the general elections a short distance away, in such situations some luring changes could be expected in the upcoming budget. Well, in the context of the same, Mr Avneet Singh Marwah, Director and CEO of Super Plastronics Pvt. Ltd, a Kodak brand Licensee has given his dictum on the budget of 2019; what can we except this time for the TV industry…

“The Indian government has been very supportive to the TV manufacturing industry and the recent reduction in GST has proven to be a great example. In a move to promote domestic manufacturing, we are expecting FM to reduce customs duty on ‘open cell’ used in the manufacturing of LCD and LED television panels to 0 per cent from the current 5 per cent. As a lot of brands have started importing TVs from ASEAN countries under FTA; major brands have stopped manufacturing televisions in India. This has impacted the Make in India initiative to a larger extent, close to which 1 million TV units have already been imported this year under FTA.”