TCL knocks FIPB's door again

NEW DELHI: Despite two failed attempts, the Chinese consumer electronics giant TCL is once again switching on entry plans for the Indian market.
TCL Holdings has sought the government nod once again to set up a wholly-owned subsidiary to produce and market a range of consumer electronics, including colour televisions, VCRs and laser disc players.
This is the second time the firm is seeking a regulatory clearance from the government.Its previous proposal was stuck with the government after erstwhile partner Kabir Mulchandani-promoted Baron International refused to give TCL a no-objection certificate for an independent venture.
TCL had in May 2000 set up a venture with Baron to cater to the colour TV segment. However, even a year and a half after the signing of the agreement, the JV had filed to take off, forcing TCL to pull out.