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India's smart TV shipments recorded double-digit growth of 28 per cent in 2022, which was led primarily by the festive season in the third quarter of multiple new launches, discount events, and promotions, said a Counterpoint Research report. Moreover, demand for bigger screen-size TVs in the lower price tier also fueled the growth, it said. While in the December quarter, after the festival sales, smart TV shipments were almost flat at 2 per cent Year-on-Year (YoY) due to a slowdown in demand. Smart device maker Xiaomi continued to lead India's smart TV market in 2022 with an 11 per cent share. This was followed by Samsung, LG, One Plus and TCL, respectively in the fast-growing Indian smart TV market. OnePlus and TCL were among the fastest-growing smart TV brands in 2022, said the Counterpoint Research report. While Sony was among the preferred brands in the premium segment. In 2022, over 99 per cent of the TVs were assembled locally, while only some high-end TV sets were import
The Container Corporation of India on Friday said it will meet its annual need for around 8,000 containers from domestic manufacturers and no longer depend on China for its requirement. Commerce and Industry Minister Piyush Goyal on Friday called on the industry to "seriously explore" the possibility of containers being manufactured in India "given its chronic shortage for exports". The Container Corporation of India (Concor), which spends about Rs 200 crore annually on procurement of containers, has already given a developmental order for 1,000 containers each to public sector undertakings Bharat Heavy Electricals (BHEL) and Braithwaite & Co. Concor will soon issue tenders for the remaining 6,000 containers wherein only domestic firms will be able to participate under certain government rules. "As of now, all containers are imported because there is no manufacturing capability in India. We want to push India as a manufacturing hub for containers. "Our requirement is 8,000 ...