China is the most affected country after India restricts the import of color television

In a view of pushing domestic manufacturing and a way to reduce incoming shipments of non-essential items from countries like China. India has restricted the imports of color television.

China is the largest exporter of color television in India which was then followed by countries like Vietnam, Malaysia, Hong Kong, and the others.

Big names like Panasonic India CEO and President Manish Sharma were positive about the development, quoted “The move will have a positive impact. Also, leading brands have already manufacturing and assembling which happens here.”

(With inputs from PTI)

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Update by Shivanee Thote

News source: Money Control