Samsung In Talks With Dixon, Foxconn To Make TVs In India

- Advertisement -

Samsung wants to manufacture popular models such as 24, 32 and 42 inches through contract manufacturing route and continue sourcing rest of the portfolio from Vietnam.

Under intense pressure from the government to restart television manufacturing in India, Samsung Electronics has initiated talks with two of the country’s leading contract manufacturers, Foxconn and Dixon Technologies, to start production of TV models up to 42-inches that account for over half of the Indian market. 

- Advertisement -

In an interaction with Economic Times, two senior industry executives said Samsung does not want to invest again in a plant for televisions in India due to shrinking margins in television business amidst intense price competition. 

Current scenario
The government has told Samsung it wants a commitment to start local sourcing of TV in India before it brings down duty on open cell TV panel to zero from 5 per cent that led the Korean giant shut down the TV production line in its Chennai plant. Since October, Samsung has been importing TVs from Vietnam at zero levies under free trade agreement (FTA) route.

Samsung wants to manufacture popular models such as 24, 32 and 42 inches through contract manufacturing route and continue sourcing rest of the portfolio from Vietnam, the executives said to the English Daily.

Another executive informed that the ministry of electronics and information technology (MeitY) has been in touch with Samsung to ensure the company restarts local production of television since this has been a blotch on the flagship ‘Make in India’ initiative. 

The executives further informed that the government is ready to scrap the duty on open cell panels provided it receives an in-principle decision that Samsung will start local production. Samsung India’s manufacturing team recently reached out to Foxconn and Dixon with their proposal said.

Incidentally, Dixon already contract manufactures semi-automatic washing machines for the Korean firm. 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Tata Motors And SBI Come Together For EVs

0
India’s largest Public Sector bank, State Bank of India has joined hands with Tata Motors in the space of electric vehicles. Tata Motors, leader...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

Kirloskar Introduces Advanced IoT-Based KirloSmart

0
Kirloskar Brothers Ltd (KBL) recently launched an advanced and upgraded version of its IoT-based pump monitoring system, KirloSmart. It is already a first-of-its-kind IoT-based...

Exclusive

Tata Motors And SBI Come Together For EVs

0
India’s largest Public Sector bank, State Bank of India has joined hands with Tata Motors in the space of electric vehicles. Tata Motors, leader...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

Kirloskar Introduces Advanced IoT-Based KirloSmart

0
Kirloskar Brothers Ltd (KBL) recently launched an advanced and upgraded version of its IoT-based pump monitoring system, KirloSmart. It is already a first-of-its-kind IoT-based...

Important Sectors

Tata Motors And SBI Come Together For EVs

0
India’s largest Public Sector bank, State Bank of India has joined hands with Tata Motors in the space of electric vehicles. Tata Motors, leader...

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

India Semiconductor Mission: India Needs To Do Enough To Sit On The World Table

0
The government’s strong foot forward with regards to the semiconductor space was a much-needed move and, although late, it is expected to herald the...

Kirloskar Introduces Advanced IoT-Based KirloSmart

0
Kirloskar Brothers Ltd (KBL) recently launched an advanced and upgraded version of its IoT-based pump monitoring system, KirloSmart. It is already a first-of-its-kind IoT-based...

Syrma SGS Gets Rs 252 Crores Before IPO

0
With its Initial Public Offering (IPO) opening today, the Electronic manufacturing services (EMS) firm Syrma SGS Technology has already raised Rs 252 crore from...

Manufacturing

Ending The Redundancy In The Indian Charging Space

0
Keen on de-cluttering the home and office space, the government is chewing over the idea of having a common charger for all devices. It...

Syrma SGS Gets Rs 252 Crores Before IPO

0
With its Initial Public Offering (IPO) opening today, the Electronic manufacturing services (EMS) firm Syrma SGS Technology has already raised Rs 252 crore from...

Slow Progress On Solar Parks Irks Ministry

0
Inefficient solar park projects are set to face strict scrutiny from the Ministry of New and Renewable Energy (MNRE). According to two anonymous sources...
Drone

Army Looking For Indigenous Combat Drones

0
In view of the Make in India policy of the Indian government, the Indian Army has launched a programme called ‘Him Drone-a-thon’. Drone Federation...

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...