Fiction: A chance meeting with an underworld don in 1970s Bombay changes Sikandar’s life
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It was in the early nineties that India saw the emergence of compact disc (CD) systems, which revolutionised the audio business worldwide. Music was recorded onto the discs using lasers. Bush India had launched the country’s first CD player, assembled from components supplied by an undisclosed Japanese manufacturer. The CD system was sold for Rs 10,500. For good measure, Bush threw in a conventional cassette recorder and radio, too. After all, the market was still at a nascent stage.
Soon, Videocon, in collaboration with Toshiba, launched a CD player priced at seven thousand rupees. The only problem was they didn’t have the government’s clearance to manufacture CDs. In the absence of recording facilities, the music companies used Hong Kong as a base. Most people brought CDs whenever they travelled abroad. At the time, the number of CDs in the country was around 35,000. The 250% import duty on disc players was a major hassle. The manufacturers, though, expected a dramatic growth in the next five years.