About 750,000 television sets were produced in Iran last year (ended March 19, 2020), the secretary of the Association of Audiovisual Device Producers said.
Mohammad Reza Shahidi added that the current market demand for television sets in Iran is at least 1.7 million per year, IRNA reported.
“The production of 1.1 million television sets has been planned for the current [fiscal] year [March 2020-21]. The main problem of this industry is the sheer size of smuggling into the domestic market,” he said.
Shahidi was quoted as saying earlier that around 700,000 contraband television sets are imported into the Iranian market annually, which is unprecedented in the last 20 years, in spite of the ban on import of foreign-made televisions.
Last year, an Indian manufacturing company of various brands of home appliances said it planned to make investments in Qazvin Province for the establishment of a production line.
Representatives of the Indian company held talks with provincial officials in Qazvin, Mehr News Agency reported, without mentioning the name of the Indian company.
As for the reason behind selecting Qazvin Province from among other Iranian provinces for investment, the Indian side said, “Compared to Tehran, Qazvin enjoys high potentials and capacities for investment activities.”
“Our company will start production in Qazvin in 2020 and all state-of-the-art technologies for manufacturing home appliances will be transferred to this province over a period of five years.”
Given the US sanctions and in the absence of two famous South Korean brands of home appliances in Iranian market, i.e. Samsung and LG, a suitable opportunity has been created in Iran for investment, the Indian side said.
The two South Korean brands for long dominated Iran's home appliance market, prior to the latest round of US sanctions.
The Indian company started manufacturing home appliances’ parts and equipment in 2004 for the two South Korean companies and for itself in 2012.
Once sanctions imposed on Iran are lifted, Iran will get the lion’s share of the whole Central Asian markets, according to the Indian side, adding that in the first phase of this project, the company will manufacture refrigerators, LCD TVs and washing machines in Qazvin Province.
