Set-Top Box Makers Seek Fiscal Incentives

Cable television operators' forum has sought tax holidays and capital subsidies to promote the manufacturing of set-top boxes in India.  

According to K.K. Binani, Secretary of Kolkata-based Cable TV Equipments Traders and Manufacturers Association, a mere five per cent of the required set-top boxes are manufactured domestically.

“Manufacturing of set-top boxes is at a very nascent stage in India now. The Government should offer fiscal incentives such as tax holidays and capital subsidies for the production of set-top boxes domestically,” Binani said on 5 March 2013 at Kolkata.

He was speaking to reporters on the sidelines of a three-day fair of satellite and cable TV industry – Cable TV Show 2013 at Kolkata.   

Asked about the availability of technology in India, Binani said: “If the Government offers fiscal incentives, technology can be developed locally.”

A Delhi-based cable TV equipment maker, however, said Indian manufacturers might find it difficult to sell set-top boxes at rates as cheap as those offered by their Chinese counterparts.

CTMA has opposed the Budget proposal that seeks to increase import duty on set-top boxes.

Source: http://cablequest.org/news/digitization-news/item/1533-set-top-box-makers-seek-fiscal-incentives.htmlSource: http://cablequest.org/news/digitization-news/item/1533-set-top-box-makers-seek-fiscal-incentives.html