Indians watch Prime Minister Narendra Modi address the nation on television.
The Indian trade ministry issued a notice late on Thursday saying it would restrict inbound shipments of TVs by requiring importers to get a special licence. Both companies import some high-end models, although they make the bulk of their TVs for the Indian market locally through contract manufacturers.“We have sufficient manufacturing capacity in India and therefore imports of CBUs are not necessary,” Pankaj Mohindroo, the Chairman of Indian Cellular and Electronics Association said in a statement on Friday.Last month, in a similar move, India restricted tyre imports across categories of pneumatics and radials used in buses and motorcycles.
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