Centre’s losses from grey market TV sellers may swell to $2 billion: SPPL CEO

NEW DELHI: The Central government’s losses from unregulated grey market television (TV) sellers may reach $2 billion (~₹17,200 crore) in the near future, according to Super Plastronics (SPPL).

The Noida-based firm is the brand licensee of Thomson, Kodak, and Blaupunkt in India.

‘Organised brands such as SPPL, brands, and OEMs have a huge challenge to deal with. The government may have to bear up to $2 billion of tax loss in the near future. The government is undertaking measures, but unorganised trade is causing significant problems,’ Avneet Singh Marwah, CEO, SPPL, told ETTelecom.