New Delhi, Nov 4 (KNN) The India Cellular and Electronics Association (ICEA) on Thursday inked a pact with consumer electronics brand boAt to make them industry partner for the Centre of Excellence (CoE) to design Li-ion products at CDAC, Noida.

This move will help boost the growth of the electronics industry by actively working with key stakeholders (including the central and state governments) to create a robust electronics industry with global acclaim and create an innovative market environment for the country, said ICEA.

“Under this agreement boAt will provide technical and product mentoring as well as expert advice on products based on Li-ion cells. This will be a small, yet significant step in nurturing future national champions”, said Sameer Mehta, Co-Founder and Chief Product Officer at Imagine Marketing Limited (parent company of boAt).

Speaking about the MoU signed, Pankaj Mohindroo, Chairman ICEA said “This CoE is expected to further add an additional Rs 40,000-50,000 crore to the Indian economy by 2025. A CoE for mobile add-on products was proposed by ICEA, which is set up and functional at CDAC Noida, in collaboration with the IT Ministry (MeitY) and the UP government.”

Ramashish Ray, CEO, Centre of Excellence, said “This CoE aims to set up a design hub for MSMEs and other Indian mobile handset and accessories eco-system products.”

The electronics hardware manufacturing sector was declared as a priority sector in the National Policy on Electronics 2019 (NPE 2019).

The total electronics manufacturing envisioning 2025-26 is USD 300 billion and mobile handset manufacturing has been given a target of USD 180 billion, out of which USD 55 billion is for exports and USD 125 billion for domestic market consumption.  (KNN Bureau)