STB manufacturing to attract Rs 500 crore investment

Set top box (STB) manufacturing in India will get investment of about Rs 500 crore thanks to cable TV digitization and make in India program announced by Narendra Modi government.

STB manufacturing in India will give employment to 50,000 people and would also generate local support facility for repair of STBs and would thereby help in smooth implementation of cable TV digitization initiative in the country.

The manufacturers appreciated the efforts of the government for resolving their long pending demand of C-form and informed that they have sufficient installed capacity to meet full demand of STBs locally.

It is estimated that another 11 crore STBs (set top boxes) would be required to achieve Phase III and Phase IV cable TV digitization in India. The Phase-III of digitization would cover all other urban areas (municipal corporations/municipalities) which were not covered in first two phases and phase-IV would cover rest of India.

Recently, Bimal Julka, secretary, Information and Broadcasting held a meeting with domestic STB manufacturers to review their readiness to meet the demand of 11 crore STBs for Phase III & IV of cable TV digitisation. During the meeting the manufacturers assured that they would seize this opportunity to make digitisation as India success story and fulfil the Make in India mission of the new government.

After taking over as minister for information and broadcasting, Prakash Javadekar had taken up this issue to support indigenous
manufacturing of STBs. On 13th Aug 2014, the ministry of finance extended the facility of Form ‘C’ under section 8(3) (b) of Central Sales Tax Act 1956 to set top boxes thus fulfilling the major demand of the domestic STB manufacturers. Domestic STB manufacturers would charge CST at the rate of 2 peercent against VAT of 12-14 percent being paid earlier.

The meeting was attended by the members of Consumer Electronics and Appliances Manufacturers Association (CEAMA) and representatives from STB manufacturers such as My Box Technologies, Dixon Technology, Videocon, Jabil, One-Eight Technologies, Skyworth Digital, Spectra Innovations, Indieon, Logic Eastern and Simmtronics.

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