New Delhi, February 1, 2025: In the Union Budget 2025, the government announced a hike in customs duty on flat panel displays, a key component used in televisions and other electronic devices. The increase is aimed at boosting local manufacturing and reducing reliance on imported components, aligning with the “Make in India” initiative.
However, industry experts have warned that the move is likely to result in higher prices for televisions and similar electronic products in the short term. Manufacturers may pass on the increased costs to consumers, impacting affordability. The decision underscores the government’s commitment to fostering a robust domestic electronics manufacturing ecosystem.
