appliances By Group 8, PGP-1 Consumer Electronics in India
Industry expanded at CAGR 13%
100% FDI Urban India Rapidly shrinking replacement cycle, sustaining demand Rural India Low penetration rate, high demand is expected in coming future Home Appliances
Indian TV market is highly under
penetrated compared to China and other countries Home Appliances Refrigerator has the highest penetration Refrigerator- 8% CAGR Air Conditioners- 7% penetration Home Appliances
Washing machines 17% CAGR
Microwave ovens 16% CAGR Market sizes and growth rates
Television market growth rate- CAGR 19%
Set top boxes expected to reach 200 million by 2018 Disadvantage due to anomaly in the tax structure SWOT analysis
Strengths- Distribution network, Presence of brands
Weaknesses- Festive season demands, Economy unpredictability due to monsoon Opportunities- Low penetration level, Unexploited rural area Threats- High import duties, Cheap imports from ASEAN Impact of WTO and FTAs
Implementation of zero tariff by WTO on electronic
products made trade unrestricted, across international borders. WTO impacted zero customs duty on imports of all telecom and electronic equipment. Manufacturing benefits of all the major consumer appliances is expected to decrease with full implementation of FTAs. Problems Suggestions References THANK YOU !!
Schemes: - The Industries Act 1951 - Msmed Act 2006 - Competition Act 2002 - GST, IBC - MAKE IN INDIA, PLI, Start Up India, DTI Scheme - Sez, Nimz, Tech Parks, Mega Parks