Financial Daily from THE HINDU group of publications
Friday, Feb 15, 2002

Port Info

Group Sites

Marketing - Outlook
Industry & Economy - Consumer Electronics

CETMA expects high demand for DVD players

Our Bureau

NEW DELHI, Feb. 14

THE Consumer Electronics and TV Manufacturers Association (CETMA) is expecting the DVD market in the country to rise to a staggering 10 million by the year 2005, according to its President, Mr Rajeev Karwal.

"CETMA has set a target of 10 million DVD players in Indian homes by 2005. We expect the Indian consumer electronics industry to export DVD players to other countries as well," Mr Karwal said in a statement on Thursday.

"India has excellent manufacturing facilities and consumer spending is indicative of a good response if good quality DVD players are made available to the consumers at affordable prices," he said.

DVDs, which has stormed international markets, is yet to find a large penetration in India.

CETMA feels the Indian electronics hardware industry needs a `major boost' to compete with China in cost effectiveness and numbers in the DVD market.

Send this article to Friends by E-Mail

Stories in this Section
Club Mahindra eyes new locations

More Pernod Ricard brands to hit Indian shelves
LG sees rural markets as thrust areas
Pepsi's Nooyi makes a pitch for scrapping SED
Keune plans branded hair-care salons
Zodiac hikes stake in Shoppers' Stop -- Seeks stronger retail presence, more alliances with chains
Local flavour add-ons to make microwaves more attractive
CETMA expects high demand for DVD players

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line