Videotex, a 38-year-old Indian ODM, has said that they plan to expand manufacturing capacity with a new plant that would cater to LED TVs. The company is in the final stages of setting up the unit and aims to cater to new brands and solutions, anticipating an increase in demand for smart televisions.
Large-screen TVs, mobile phones may become cheaper [Mint, New Delhi] dailyrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyrepublic.com Daily Mail and Mail on Sunday newspapers.
Presenting the budget, Sitharaman also proposed the introduction of a National Data Governance policy to make anonymized data accessible to startups and researchers.
"It is encouraging to see a reduction in customs duties for inputs/parts of certain electronic items like lithium-ion batteries, TV, and camera lens. It will improve the feasibility for enhancing backward integration and subsequently enabling local manufacturing of electronics," he said. Budget 2023: TV Prices to Come Down by Up to Rs 3,000 As Govt Reduces Custom Duty on Imported Parts.