Project report for Mobile headset, charger mnufacturing

Project report for Mobile headset/Charger manufacturing.  Indian appliance and consumer electronics (ACE) market reached Rs 2.05 trillion (US$ 31.48 billion) in 2017. It is expected to increase at a 9 per cent CAGR to reach Rs 3.15 trillion (US$ 48.37 billion) in 2022. Electronics hardware production in the country reached Rs 3.88 trillion (US$ 60.13 billion) in FY18, growing at a CAGR of 26.7 per cent between FY14-18. Demand for electronics hardware in India is expected to reach US$ 400 billion by FY24. There is a lot of scope for growth from rural markets with consumption expected to grow in these areas as penetration of brands increases. Overall consumer durable exports reached US$ 0.78 billion in 2017. Consumer electronics exports from India reached US$ 362.12 million in FY18 and US$ 267.15 million between Apr-Nov 2018. Consumer electronic goods are likely to witness growing demand in the coming years in the rural markets as the government plans to invest significantly in rural electrification.

Growing awareness, easier access, and changing lifestyles have been the key growth drivers for the consumer market. The Government of India's policies and regulatory frameworks also help the electronic industry in a big way. India is likely to emerge as a potential future manufacturing hub for the region, provided the government shows adequate support and focus towards this sector. Specific factors anticipated to push the manufacturing in India are inclusive of, reduction in borrowing costs, export incentives, reduction of customs duties on raw materials and components, and improvement in the ease of doing business. India is the second largest mobile phone user base in the world but the accessories market is unorganised as one company is selling cable, other is selling earphones. India mobile accessories market is forecast to grow at a CAGR of over 10% to by 2023, on account of increasing inclination of customers towards advanced, safe and secure accessories for their mobile phones. Moreover, rising penetration of smart devices across the country, growing demand for technologically advanced mobile accessories, along with increasing R&D investments in wireless connectivity are a positive indicators. North India is poised to record the fastest growth over the forecast period. Factor such as, huge portion of 30% of mobile phone accessories market revenue in North India is anticipated to drive the growth of India mobile accessories market over the forecast period. Moreover, different mobile phone accessories are companionable with the laptops and computer systems which are expected to increase the growth of the India mobile phone accessories market over the forecast period.

In India various companies bought finished goods i.e.,ear phones, data cables etc from china. But our concept and strategy is different. We approach the customers and offeres them that they do not need to import finished goods from china instead they have to import Raw Material from china. Indian electronics market is growing rapidly and very high demand on headsets, battery chargers, data bank etc. People needed this products at a throwaway price, so that manufacturing the components in India is not a viable option and also importing these products from China is more costlier than assembling it in India. Normally the cost of finished goods from china to India is minimum Rs.25. On the other hand the cost of raw material from china to India is minimum Rs.11. So there is a great opportunity for people who assemble the product in India. Indian mobile accessories market is forecast to grow at a CAGR of over 10% to by 2023, on account of increasing inclination of customers towards advanced, safe and secure accessories for their mobile phones. Moreover, rising penetration of smart devices across the country, growing demand for technologically advanced mobile accessories, along with increasing R&D investments in wireless connectivity are a positive indicators. The firm is going to tap that market which is highly growing. According to a recent Frost & Sullivan report, the mobile headset market in India is expected to grow at a CAGR of 21% over the next five years. North India is poised to record the fastest growth over the forecast period. Factor such as, huge portion of 30% of mobile phone accessories market revenue in North India is anticipated to drive the growth of India mobile accessories market over the forecast period. Moreover, different mobile phone accessories are companionable with the laptops and computer systems which are expected to increase the growth of the India mobile phone accessories market over the forecast period.

Teksuom needs the following machinery inorder to start the operation in full swing

India is likely to emerge as a potential future manufacturing hub for the region, provided the government shows adequate support and focus towards this sector. Growth in the India consumer electronics market can be attributed to increases in demand from households, changing lifestyles of individuals, easier access to credit, and rising disposable incomes. Intentional reduction by the Government in the import bill, coupled with government and corporate spending is anticipated to complement the positive demand in this market. The India consumer electronics sector has attracted several strong investments in the form of merger & acquisition policies practiced by key participants of the global market and other FDI inflows. In India various companies bought finished goods i.e.,ear phones, data cables etc from china. But our concept and strategy is different. We approach the customers and offers them that they do not need to import finished goods from china instead they have to import Raw Material from china. According to a recent Frost & Sullivan report, the mobile headset market in India is expected to grow at a CAGR of 21% over the next five years. Music and mobile phones have reached people. The only missing link is the headphone/earphone. Market for headphones is pretty good in India, but almost everyone still use cheap, unbranded earphones. Surprisingly, only 0.5 per cent of the Indian population actually use branded headphones or earphones for consuming music.

Positioning

We position ourself as an assembler who helps increases profit for the manufacturers, which helps the manufacturers in the following way. Normally the cost of finished goods from china to India is minimum Rs.25. On the other hand the cost of raw material from china to India is minimum Rs.11. So if the customer imports raw material from china, he will get the following benefits: