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Domestic set-top-box makers are looking at Rs 4,500 crore turnover in the financial year by capturing 50 per cent market share, as hiking import duty on such devices is expected to boost indigenous manufacturing.
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) also hopes to to create 12,000 new jobs.
"With rationalisation of import duty, 50 per cent of STBs would be made in the country. Taking the final product price to be about Rs 1,500, the indigenous manufacturers would have a turnover of Rs 4,500 crores, with 50 per cent market share," CEAMA President Anirudh V Dhoot told PTI in response to an e-mail query.
The Budget 2013-14 presented by Finance Minister P Chidambaram proposed a hike in import duty of set-top-boxes from 5 per cent to 10 per cent.
CEAMA estimates that the total demand for set-top-box (STBs) would be about 60 million and the turnover of overall STB segment would be around Rs 9,000 crore in the next one year.
Dhoot said that as per industry average about 250 workers are required to produce 2 lakh STBs in a month.
"The direct employment for only assembly of STBs would be about 3,000 persons. If we take this into account, the employment generated in the manufacturing of inputs, the total employment would work out to about 10,000 to 12,000 persons," he said.
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The Consumer Electronics and Appliances Manufacturers Association (CEAMA) also hopes to to create 12,000 new jobs.
"With rationalisation of import duty, 50 per cent of STBs would be made in the country. Taking the final product price to be about Rs 1,500, the indigenous manufacturers would have a turnover of Rs 4,500 crores, with 50 per cent market share," CEAMA President Anirudh V Dhoot told PTI in response to an e-mail query.
The Budget 2013-14 presented by Finance Minister P Chidambaram proposed a hike in import duty of set-top-boxes from 5 per cent to 10 per cent.
CEAMA estimates that the total demand for set-top-box (STBs) would be about 60 million and the turnover of overall STB segment would be around Rs 9,000 crore in the next one year.
Dhoot said that as per industry average about 250 workers are required to produce 2 lakh STBs in a month.
"The direct employment for only assembly of STBs would be about 3,000 persons. If we take this into account, the employment generated in the manufacturing of inputs, the total employment would work out to about 10,000 to 12,000 persons," he said.
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