CEAMA re-elects Anirudh Dhoot as President

Consumer Electronics and Appliances Manufacturers’ Association (CEAMA) has concluded their 34th Annual Function. Additionally, CEAMA announced that Anirudh Dhoot has been re-elected as President of CEAMA for this third consecutive year. The event also witnessed the unveiling of a report on “Opportunities and Challenges in Consumer Electronics and Home Appliances” by Arthur D little.
 
According to the report, consumer durable segment is the fastest-growing sector in India. This sector attracted significant investments even during global recession. During FY03-FY13, the industry expanded at a healthy CAGR of 13%. Few pointers were noted down in the report for the improvement and betterment of the industry.
 
Anirudh Dhoot, President, CEAMA, & Director, Videocon Industries, addressed, “We, at CEAMA, have made efforts to promote the growth and development of electronic hardware industry in the country. The industry has reached an annual turnover of Rs.45,000 crore and I would like to express my gratitude towards the Government for the initiatives taken for the improvement of this industry.”
 
He concluded stating that the demand of electronics in the Indian market is projected to grow to US$125 billion in the next 2-3 years and US$ 400 billion by 2020.