Indian Appliances & Consumer Electronic industry to double to Rs 1.48 crore by 2025

The Indian Appliances and Consumer Electronics (ACE) market is expected to almost double in the next three years to around Rs 1.48 lakh crore by 2023, led by increasing domestic demand, said the industry body CEAMA. India has become one of the fastest growing ACE markets in the world and is also emerging as an alternative manufacturing destination of China and other South East Asian countries, the president of the Consumer Electronics and Appliances Manufacturers Association (CEAMA), Eric Braganza, said.