Page 7 - Consumer Electronics

GST rates and the medical devices industry

Let us use the GST rate regime to build up a strong domestic industry in sectors like pharmaceuticals and medical devices that can play to our strengths in labour-intensive production

Appliances, consumer electronics makers suspend manufacturing till March 31

Consumer electronics and appliance makers like Samsung, LG, Panasonic and Godrej Appliances have suspended manufacturing till March 31 amid lockdown in several states to contain the spread of coronavirus infection. These organisations will review resumption in production around March 31, depending on further directives from the governments at that time. South Korean major Samsung, which manufactures a range of products like mobile phones, refrigerators and washing machines, has suspended operations at its Noida and Chennai plants. "As a measure to safeguard our employees and their families against Covid-19 and in compliance with directives from the government, we have decided to currently suspend our manufacturing operations and have asked employees at our sales, marketing and R&D offices across India to work from home, Samsung India Head Corporate Communications Partha Ghosh said. There is a complete lockdown in 19 states, all Union Territories and some parts of six states due to

In a major boost to electronic giants, SEZs clear local sourcing test

While 100 per cent foreign direct investment (FDI) is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in

Budget 2020: Appliances, consumer electronics sector seeks tax relief, sops

Finance Minister Nirmala Sitharaman is scheduled to present the Budget for financial year 2020-21 on February 1.

CES 2020: LG to unveil televisions with 8K resolution, AI voice assistant

The new TV models are additions to LG's existing 88 and 75-inch screen sizes in its OLED and NanoCell TV lineup

Appliances & consumer electronic mkt to double to Rs 1.5 trn by FY25: CEAMA

The appliances and consumer electronics industry is projected to double to Rs 1.48 lakh crore by 2024-25, according to a report. The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points, it added. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing, according to the joint report by CEAMA and Frost & Sullivan. The report is based on product categories, which include air conditioners, refrigerators, washing machines, television (TV) and audio. "The overall market size of the five categories covered in this project for the year FY19 is 76,400 crore and the market is estimated to grow at a CAGR (compound annual growth rate) of 11.7 per cent till FY25," the report said. It also suggests that domestic value addition for "ACE (appliances and ...

Chinese electronics brand Haier looks for glamour away from the spotlight

With three women sportspersons as endorsers, the Chinese consumer electronics brand is tapping into the appeal of underdog branding

Sachin Bansal's fund invests Rs 20 cr in consumer electronics start-up boAt

In a sector dominated by established global brands such as Apple, Samsung and Bose, the consumer electronics start-up said it sells over 8,000 units per day

Beyond the star ratings

Govt should incentivise use of new AC tech to achieve energy efficiency goals, says Peeyush Gupta

Panasonic to start manufacturing refrigerators in India

Japanese firm, in alliance with Tata Elxsi, will also set up a design division to develop technologies such as artificial intelligence & robotics applicable to appliances for global markets