Synopsis
On March 23, industry leaders highlighted India's strong advantage in high-value manufacturing amidst trade tariff discussions, suggesting that with the right policy support, export opportunities could open up significantly.Key Takeaways
- India has a competitive edge in high-value manufacturing.
- Proper policy support could enhance export opportunities.
- Adjustments in Basic Customs Duty will aid electronics manufacturing.
- Videotex is expanding manufacturing capabilities and R&D.
- India's large domestic market will mitigate tariff impacts.
New Delhi, March 23 (NationPress) In the ongoing discussion about trade tariffs, industry leaders stated that India possesses a significant advantage in high-value manufacturing, which could potentially create export opportunities with the appropriate policy backing.
Supportive measures such as extended Production-Linked Incentive (PLI) benefits and enhanced export incentives might empower the $13 billion Indian television sector to address global supply shortages.
Adjusting the Basic Customs Duty (BCD) on essential electronics will further bolster the 'Make in India' initiative, facilitating the achievement of Prime Minister Narendra Modi's ambitious goal of $500 billion in electronics manufacturing.
This strategy is intended to fortify India’s electronics production sector, making mobile phones, smart LED TVs, and various other devices more affordable, while also enhancing the country’s position within global supply chains.
“To fully capitalize on these opportunities, we must intensify our efforts in infrastructure and skill development, positioning India as a more business-friendly manufacturing hub,” commented Arjun Bajaj, Director of Videotex.
The Indian television market is rapidly transforming — with increasing demand for larger screens, advanced technology, and premium experiences.
“At Videotex, we are staying competitive by enhancing our manufacturing capabilities, integrating backward processes such as injection molding, and investing more in R&D for advanced TV solutions. Our new facility, which will be fully operational by the start of the upcoming financial year, is set to elevate both production and innovation,” Bajaj added.
The company commands almost 90 percent of India’s webOS Hub market and is focused on developing deeper customizations while introducing premium projects related to this solution.
Moreover, with the launch of its new Mini LED lineup, Videotex becomes the first original design manufacturer (ODM) to create this technology in India.
“We are also investigating export opportunities to promote Indian-made TVs on a global scale,” Bajaj stated.
The vast size of India’s domestic market, which diminishes reliance on foreign demand, is anticipated to shield the nation from potential US tariff increases, with the economy expected to sustain a growth rate of 6.5 percent in FY26, according to global ratings agency Fitch.
A recent report from Morgan Stanley indicated that India is the “most strategically positioned country in Asia,” amidst global uncertainties prompted by US President Donald Trump’s threats to increase tariffs, owing to the nation’s low goods exports to GDP ratio and robust fundamentals.
