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General News Govt moots long-term financing for Indian STB manufacturers
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NEW DELHI: The government is working on a plan for long-term financing to Indian manufacturers of set top boxes to accelerate digitization of cable television. This information was given by the Information and Broadcasting ministry to the Parliamentary Standing Committee on Information Technology which examines issues relating to I and B.
The Committee expressed the hope that the ministry will be able to meet the targets of cable TV digitization and recommend that the issues of long term financial support to domestic manufacturers to negate easy procurement of Chinese made STBs need to be looked into and addressed suitably by the Ministry.
While informing the Committee that just around nineteen manufacturers were manufacturing indigenous STBs, the Consumer Electronics and Appliances Manufacturers Association (CEAMA) said it can 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 Committee was given to understand that as of now there is easy facility for obtaining long-term credit to procure the Chinese STBs and this option is not available in the Indian banking system.


http://www.indiantelevision.com/technolo...ers-160520
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