Coronavirus Outbreak: Appliance, consumer electronics makers look at production resumption post-lockdown
Many appliances and consumer durables manufacturers have decided not to resume manufacturing despite the government relaxing certain guidelines for industries to operate in lockdown 2.0, preferring to wait till the curbs are fully lifted
Coronavirus Outbreak: Appliances, electronics industry seek nod from local authorities to restart production
Home appliances and consumer electronics manufacturers said they are gearing up to resume production and are in talks with local authorities for permission to operate factories which are located within or near city municipal limits
The television industry has welcomed the government's decision to scrap the customs duty on import of open cell TV panels, saying the move will boost domestic manufacturing
In a bid to boost domestic manufacturing, the government has removed 5 percent customs duty imposed on import of open-cell TV panel, which are used in the manufacturing of LED TVs
IT Minister Ravi Shankar Prasad will meet CEOs of electronics companies on Monday next week to discuss the industry's concerns and deliberate on measures to boost sectoral growth and improve export prospects
GST cut on white goods: Consumer durable makers welcome move, say it will boost domestic manufacturing
Consumer durable industry was demanding a lower GST rate on white goods since July last year, when GST was implemented.
Consumer durables and home appliances makers have asked the government to double custom duty to 20 percent on imported products such as washing machines, refrigerators and air conditioners to encourage domestic manufacturing.
Consumer Electronics and Appliances Manufacturers Association (CEAMA) said most of the factors point to favourable sales in the festive season.
The issue of transition stock provision is still under consideration and the GST Council is likely to finalise the provision in its next meeting on 3 June.
Japanese electronics corporation Panasonic's India arm was looking to ramp up revenues via the handset business at a time when growth in different verticals of consumer durables have slowed down, a top company official said on Friday.
Industry body CEAMA has sought reduction in excise duty on consumer durables in the Budget 2015 to help the sector combat demand slowdown.