Videocon Wallcam welcomes the Government’s decision on hike of import duty, says this will give a boost to the Government’s initiative of ‘Make in India’
- The Government of India announced additional import duty on many electronic items including CCTV Cameras and Video Recorders (DVRs/NVRs) to push domestic manufacturing
- Videocon WallCam says that the regulation will encourage domestic manufacturing and give a boost to the Government’s initiative of ‘Make in India’.
New Delhi, December 19, 2017: Videocon Wallcam, the fast growing brand engaged in End-to-End Security & Surveillance solutions has welcomed the Government’s decision of imposing additional import duty on electronic items. Among the list of items also falls the Video Surveillance product category including CCTV cameras and Video Recorders (DVRs and NVRs) where the custom duty has been increased by 5% taking it up from current 10% to 15%.
As per the brand, the new regulation will not only boost the ‘Make in India’ initiative and go a long way in promoting domestic manufacturing but also discourage the ‘traders’ involved in importing and selling unbranded, poor quality/inferior CCTV related products with no technological backend and support, where ultimately the consumer suffers. The new regulation will also be instrumental in encouraging many foreign Video surveillance companies present in the country to manufacture products here rather than importing them.
Videocon WallCam entered the fast growing Security and Surveillance market in July this year and has been in news for taking many industry first initiatives. The brand is all set to take the production of Video Surveillance related products including CCTV cameras, DVRs/NVRs, Video Door Phones etc to a large scale. The brand which has a vast manufacturing and capacity and capability is also geared up to undertake production of video surveillance related products for other foreign brands in India.
Commenting on the announcement, Mr. Arvind Bali, CEO, Videocon Telecom and Videocon WallCam said, “We welcome the Government’s new regulation on Import duty. We feel that the new policy will promote the Government’s initiative of ‘Make in India’ and will go a long way in supporting brand’s like ours engaged in manufacturing of products in India and giving us the edge over others.”
We will continue to pass on the benefit of ‘Make in India’ to our consumers ensuring affordability and make security and surveillance a way of life.
Videocon has a vast capability and capacity in manufacturing. We are also in discussions with other foreign brands to take up their production of Video Surveillance related products in India. Mr. Bali Added
About Videocon WallCam
Videocon made its entry into fast growing Rs 6600 Cr Security and Surveillance market earlier this year. In addition to basic Video Surveillance products such as AHD (Analogue high definition), IP (Internet Protocol)& wireless cameras, DVRs & NVRs, Video-Door Phones, intrusion alarms etc; the brand will also offer importized security solutions to institutional, corporate and government sector including PTZ (Pan, Tilt & Zoom) and vandal proof cameras, mobile vehicle cameras, access control systems, scanners and detectors, number plate reader solution, central monitoring system, boom barriers, X-Ray baggage inspection system, cloud storage with secure remote access etc.
Videocon recently partnered with Vodafone to launch the first of its kind 4G bundled CCTV solution that includes 4G enabled vehicle surveillance kit and stand-alone 4G enabled Outdoor/indoor CCTV cameras, both with a 4G sim slot to support 4G connectivity.
Business Standard : http://www.business-standard.com/article/pti-stories/videocon-to-offer-cctv-manufacturing-service-to-foreign-brands-117121901095_1.html
New Indian Express : http://www.newindianexpress.com/pti-news/2017/dec/19/videocon-to-offer-cctv-manufacturing-service-to-foreign-brands-1731594.html
India Today : http://indiatoday.intoday.in/story/videocon-to-offer-cctv-manufacturing-service-to-foreign-brands/1/1113855.html
Outlook India : https://www.outlookindia.com/newsscroll/videocon-to-offer-cctv-manufacturing-service-to-foreign-brands/1213057