Allaying fears of foreign electronics manufacturers, India has said it will not pursue protectionism policy and will give level-playing field to all participants.
The two new systems -- 'Lifestyle 135' and 'CineMate 1 SR' -- are priced at Rs 1,79,882 and Rs 1,12,388 respectively with features, including media console
Building the domestic electronics industry is a very important item for national agenda, from security, self-reliance as well as future business potential.
The Customs Duty for R&D items should be reduced to 0% to promote R&D activities in India. This is particularly important for air-conditioning, refrigeration and electronic industry.
Daikin Air-conditioning India Pvt Ltd, a 100% subsidiary of the $14-billion Daikin Industries Ltd, will begin commercial production of residential ACs in India.
The company announced the sale of its Indian, Sri Lankan and Singapore UPS business to Legrand group of France for Rs 859 crore, including non-compete fees.
The Union Cabinet approved a proposal to give preference to domestically manufactured electronic goods while procuring items which have security implications for the country.