The Commission will work to make India globally competitive with finished products and selected components and parts
The India Cellular & Electronics Association (ICEA) has announced plans to make India a global leader in the electronic manufacturing of home appliances in a new era. With the 2019 NPE targeting $ 400 billion, of which $ 70 billion, ICEA aims to make electronics exports number one by 2026.
To this end, ICEA today announced the launch of the Home Appliances Committee. The committee is made up of prominent electronic, mobile phone, and component industry celebrities.
“India, with its vast geography and diverse population, needs a robust and globally competitive manufacturing industry. To make India an“ Atmanirbhar ”and a leader in electronics manufacturing, master the manufacturing ecosystem. is needed. India’s consumer electronics market is US $ 110 billion worldwide and is already moving in the display segment, which is expected to grow in India at 230 billion.
It will grow to 220 billion by 2025, “said ICEA Chairman Pankaj Mohindroo.
“We are working together to build a sustainable ecosystem for the supply chain for long-term independence competitiveness,” he added.
Some committee members are Dixon, Micromax, Amber, LG Sansui, OnePlus, Realme,
Xiaomi, Resolute, etc. The Commission will work towards making India globally competitive with finished products and selecting components and parts. This committee was established to address issues such as ease of business, understanding the need for the electronics sector, and measures to strengthen Indian brands.
“Electronics and technology are the most valuable sectors in the world, with a global market of US $ 2.9 trillion. For consumer electronics, ICEA will have a 30% globally competitive value chain in India by 2030. With a vision of building, it is one of the key areas developing a new era of consumer electronics, intelligent appliances, and global leadership to manufacture their value chains, which is the largest consumer electronics consumer. It brings opportunities to the Indian market as one of them, “Mohindroo added.
https://www.electronicsb2b.com/headlines/icea-sets-up-a-consumer-electronics-committee/ ICEA Establishes Household Appliances Committee