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Breaking News : Govt should extend financial support to domestic STB manufacturers:
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MUMBAI: The Ministry of Information and Broadcasting (MIB) should consider the issue of long-term financial support to Indian manufacturers of set-top boxes (STBs) to help them face competition from Chinese companies, a Parliamentary panel has said. The standing committee on Information Technology has noted that cable companies have imported a vast majority of STBs to digitise their networks as mandated by the government. Nineteen companies in India are manufacturing STBs and have the capacity to meet the demand of cable TV digitisation, as per information given by Consumer Electronics and Appliances Manufacturers Association (CEAMA) to the Committee. The panel said it had been given to understand that Chinese lenders were extending easy long-term credit to Indian importers buying STBs manufactured there but it was not available to the indigenous producers in the Indian banking system, PTI reported. “CEAMA has also informed that they can even scale up the capacity if there is a demand but for that there is need of government support in creating a level playing field for domestic STB manufacturers to compete with the Chinese imported STBs,” the panel said in its report.

Read more at: http://www.televisionpost.com/cable/govt-should-extend-financial-support-to-domestic-stb-manufacturers-parliamentary-panel/ | TelevisionPost.com
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