India's consumer durables market is expected to touch a size of Rs 5 lakh crore by FY30 and will become the fourth largest in the world by 2027, industry body CII said on Monday. While the country's products are inching towards global reliability, it is imperative to build a robust quality ecosystem and adopt standardisation in the sector and also export Indian standards globally, said B Thiagarajan, Chairman, CII National Committee on Consumer Electronics and Durables. Speaking at the CII Consumer Electronics & Durables Summit 2024, Thiagarajan, who is also the Chairman and Managing Director, Blue Star Ltd, further said the next decade is expected to create multiple opportunities across the value chain in the sector. "From finished goods as well as development of an indigenous component ecosystem, with the right focus on domestic scale, India's prospects of becoming a global manufacturing powerhouse holds great promise," he asserted. Thiagarajan said, "India is already the ...
The company has soft-launched a range of coolers under the Wyzr brand and they are available on Flipkart
CEAMA has been pushing to have the government lower the GST charge on products to help give the sector a boost
Another electronics retailer said on condition of anonymity that sales of summer white goods were impacted this year
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While input costs have eased, lower volumes could impact margins
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A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity
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Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed
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It has acquired Lloyd's consumer durable business that is engaged in AC, TVs & other home appliances