Videocon to open set-top box plant in India in 2014

Videocon to open set-top box plant in India in 2014

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Electronics giant Videocon Industries is planning to set up a new set-top box manufacturing unit in the state of Madhya Pradesh or Punjab in India. The new manufacturing unit is expected to have an annual capacity of one million by the end of 2014.

Videocond2h

Anirudh Dhoot, the Videocon Industries Director in an interview said, “We will set up another plant that will have a production capacity of 1 million units annually by end of 2014. We want to do more. We have not decided but we are evaluating either setting it up in Punjab or Madhya Pradesh”. Dhoot went on to say that it is easy to produce set-top boxes (STBs) in the country, due to the latest production technologies and equipment.

Videocon d2h is one of the fastest-growing Direct-To-Home service providers in the nation. In the budget for 2013 and 2014, P Chidambaram, the finance minster proposed a rise in the set-top boxes’ import duty from 5 percent to ten percent. It was a move which enabled a level-playing field to Indian manufacturers when it comes to price compared to the importers.

Consumers in India are now supposed to install set-top boxes on a compulsory basis, as the Central Government has decided to digitize the cable TV in a phased manner all over India.

Photo Credits: India recharge