India News | ICEA Signs Pact with CDAC to Set Up Centre of Excellence for Li-ion Based Products
Get latest articles and stories on India at LatestLY. Electronics and mobile devices industry body ICEA on Monday signed a pact with state-run CDAC, Noida for the establishment of a Centre of Excellence for Li-ion based products with the aim to enable Indian companies capture 30 per cent of global market share in a decade.
New Delhi, Sep 13 (PTI) Electronics and mobile devices industry body ICEA on Monday signed a pact with state-run CDAC, Noida for the establishment of a Centre of Excellence for Li-ion based products with the aim to enable Indian companies capture 30 per cent of global market share in a decade.
The Centre of Excellence (CoE) is being set up in collaboration with the Ministry of Electronics and IT (MeitY) and the Uttar Pradesh government.
The CoE is expected to come up with infrastructure for testing, development of SMEs and entrepreneurs, consultancy-based services for design and testing, and designing export ready products.
In this CoE, more than 15 products, including power banks, bluetooth speakers, smart lighting systems and wearables, would be designed by the research and development team and industry participation, the industry body said in a statement.
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ICEA, whose members include companies like Apple, Foxconn, Wistron and Xiaomi, said the move is a step in the direction to make India self-reliant in the lithium-ion battery products segment.
"At a generic level for long term success of Indian electronics manufacturing, research, innovation, and well-equipped design centers need to be based in India. Moreover, the electronics component and design ecosystem must be built together, as one cannot exist without another.
"Currently, due to lack of design capabilities, India is losing valuable foreign exchange to international design hubs in other countries, and in turn, it perpetuates imports too," ICEA Chairman Pankaj Mohindroo said in the statement.
The CoE is expected to further add 40,000-50,000 crore to the Indian economy by 2025.
"We envisage that the foundations laid by this COE will help our nation capture a 30 per cent share of the global market in a decade," Mohindroo said.
The National Policy on Electronics 2019 (NPE 2019) has prioritised the electronics hardware manufacturing sector as one of the important pillars of both the 'Make in India' and 'Digital India' programmes of the government.
The total electronics manufacturing target for 2025 as per the NPE 2019 is USD 400 billion.
Mobile handset manufacturing in itself has been given a target of USD 190 billion, out of which USD 110 billion is for exports.
ICEA said it estimates the total domestic consumption by 2025 to rise to USD 170-180 billion. Therefore, the balance of USD 220-230 billion will have to come from exports.
"Affirmative steps are being taken to ensure that these benefits reach the last mile. One of the steps is the proposed setting up an MSME park in Uttar Pradesh around NCR," ICEA said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)