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95% appliances now made in India; dependence on China for components not to go down soon

Around 95% of consumer electronics and appliances sold in India are produced locally, although dependence on China for import of components across various categories still ranges between 25-70%, which will be difficult to reduce overnight, according to industry body CEAMA. Component sourcing is least for washing machines segment and the highest is for the air conditioners. Consumer Electronics and Appliances Manufacturers Association (CEAMA) said even before the call to boycott Chinese products, various companies had already started to look for alternative countries like Thailand, Vietnam and Korea to source components due to supply disruptions following the coronavirus-induced lockdown in China.

Read More at The Economic Times News date : 30 Jun 2020, Tuesday

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