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I&B minister Prakash Javadekar’s focus on domestic STB manufacturers
MUMBAI: Information & Broadcasting (I&B) Minister Prakash Javadekar today held a meeting with local set-top box (STB) manufacturers to discuss the way forward for giving a fillip to domestic STB manufacturing.
Ever since he took over the I&B Ministry, Javadekar has given special emphasis to domestic manufacturing of STBs. The minister believes that domestic STB manufacturing will help to create jobs.
“Listened to the grievances of STBs Manufactures & issues in # indigenisation of Digitisation. We’ll work for resolving them,” Javadekar tweeted after the meeting.
Javadekar was accompanied by senior officials from ministries concerned to resolve the issues and hurdles in the indigenisation of STBs.
Currently, most of the STBs are imported from countries like China, Korea and Taiwan.
As reported earlier by TelevisionPost.com, Videocon has entered the cable TV STB manufacturing business. Trend Electronics Ltd (TEL), which manufactures STBs for Videocon’s direct-to-home (DTH) company Bharat Business Channel at its Aurangabad plant, aims to cash in on the huge business opportunity even as Phases III and IV of digitisation are up for implementation.
According to a Frost & Sullivan study, the total market for STB was 23.52 million units in 2013 and is expected to reach volumes of 39.4 million by 2015 representing a CAGR of 29.3 per cent.