LG Electronics wants govt to incentivise local TV manufacturing

LG Electronics, the country’s second-largest consumer electronics firm, has voiced concerns on the lack of enough incentives to expand local television manufacturing.

Umesh Dhal, chief relationship officer, LG Electronics India, said local manufacturing can be made attractive by “abolishing customs duty on panels and open cells till manufacturing ecosystem for same is ready in India”. He also said the government should incentivise manufacturers for local production.

The statement comes at a time when the country’s largest consumer durable firm Samsung India is negotiating hard with the government. The firm has moved its TV production to Vietnam and is seeking additional sops to restart manufacturing here.