Move will help India achieve $190-billion handsets manufacturing target: ICEA
Companies like LG, Dixon and Super Plastronics also indicated that they will expand their investment for manufacturing capacity and add newer categories for production.
The fulfilment centres in West Bengal will cater to categories such as smartphones, consumer electronics, appliances, fashion and FMCG.
These eight pop-up stores will be rolled out from September 27.
India imports finished open cell panels, which are used in making the LED panels, since there is no panel manufacturing facility in the country.
The finance ministry on Tuesday late night issued a notification to scrap import duty on open cell LED panel used in televisions from 5% to zero.
The open cell LED TV panel is the most critical component used in LED TV manufacturing accounting for 65-70% of the total production cost.
Economic revival will need consumer spending to grow in the festive season, which is just weeks away.
This is the first time that the ministry and DPIIT have pushed for a reduction in GST on these products.
The services will be backed up by technologies for transport and warehouse management.
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