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New Delhi: The domestic consumer electronics industry in India is poised to become the fifth largest consumer durables market in the world with the sector likely to grow to $400 bn by 2020 on the back of Narendra Modi’s ‘Make in India’ project.
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) recently concluded its 35th Annual Function, where industry leaders and members of CEAMA discussed building a strong brand for the industry globally, focusing on priority areas and resolving issues through a collaborative approach.
CEAMA, which promotes the growth of manufacturing by bringing the manufacturers at a common platform, supports Prime Minister’s vision of ‘Make in India’ through which he aims to strengthen the global footprint, manufacturing and investments for India.
Present on the occasion were Chief Guest, Shri Rao Inderjit Singh, Hon’ble Minister of State (Independent Charge) for Planning & Defence, Guests of Honour Shri R. N Dhoot, Hon’ble Member of Parliament, Shri R. S Sharma, IAS, Secretary, DeitY along with Mr. Anirudh Dhoot, President, CEAMA, Mr. Manish Sharma, President Elect, CEAMA and other prominent industry leaders.
Rao Inderjit Singh, Minister of State (Independent Charge) for Planning and Defence, said that “India has the potential to develop and manufacture electronics hardware for the global markets and gain higher global share besides meeting country’s future requirement. Advancements in the electronics sector also contributes in strengthening country’s defence sector. The way forward for electronics industry is a healthy relationship between the government and the industry to put India in a strong, dominant position in the global electronics map.“
R S Sharma, IAS, Secretary, DeitY said: “The Government has always been supportive of the growth and development of the consumer electronics sector and has initiated several initiatives for the development of sector like the National Policy on Electronics (NPE). One of the most important objectives of NPE is to achieve a turnover of about $400 bn by 2020, involving investment of about $100 bn and employment to around 28 mn by 2020. Going forward also, we see tremendous growth for the industry with ‘Make in India’ campaign, paving the way forward for indigenous manufacturing encouraging the growth of the sector as well as the country.”
The Government has notified electronic policy to incentivize electronic hardware manufacturing in the country.
Anirudh Dhoot, President CEAMA and Director, Videocon Group, said that “We, at CEAMA have made efforts to promote the growth and development of electronic hardware industry in the country, which is expected to grow by 40 percent in the next 2-3 years. This growth is attributed to the tremendous work done by the industry and the support extended by the Government through various initiatives.