Consumer Electronics and Appliances Manufacturers Association (CEAMA) organised a Seminar on Industry - Trade Relations in Indore on Wednesday. leaders of Consumer Electronics and Appliances Industry and Office Bearers and Traders discussed the opportunities and challenges faced by them in this era of globalisation.
This power packed session began with President Elect - CEAMA and Managing Director-Panasonic Manish Sharma felicitating the Chief Guest IAS Collector Indore Akash Tripathi. The Consumer Electronics and Home Appliances industry has attained a substantial growth and now has an annual turnover of Rs45,000 crores. The Home Appliances and Consumer Electronics sector has witnessed a sluggish growth in the recent past, but now it has started gaining the momentum and is expected to register a double digit growth in the coming years.
The Government of India has identified growth of electronics hardware manufacturing sector as a thrust area. Akash Tripathi said that it is extremely important to try and build consensus and then carry out reforms, which will be long lasting. He said, “This takes time; we in the Govt. are trying to reduce the complexities and make India a country with ‘Maximum Governance with Minimum Government'. He invited the industry to set up manufacturing units in Madhya Pradesh and promised full support of State Government for this purpose.
He said that Electronic hardware is a technology intensive sector and rapid technological changes are taking place in the consumer electronics segment.