LG strongly believes in Make in India programme and will continue production in India.
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 to Business Standard that 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.
This statement came 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.
Dhal also said the goods and services tax (GST) rate on TV sets should be brought down, as it is more of an educative device.
India production continues
LG, however, is not halting its production. Dhal said that LG strongly believes in Make in India programme and will continue production in India. He further stated to the English Daily that every year, LG invests to strengthen their manufacturing facilities and will continue doing the same. The firm currently manufactures TVs in Noida and Pune.