India Cellular and Electronics Association (ICEA) has signed a memorandum of understanding (MoU) with the Centre for Development of Advanced Computing (CDAC), Noida to establish a centre of excellence (CoE) for lithium-ion (Li-ion) based products. This will be done in collaboration with the ministry of electronics and IT (MeitY) and the Uttar Pradesh government.

According to an official statement, the CoE has been set up with an aim to make India self-reliant in lithium-ion powered mobile add-on products such as power banks, bluetooth speakers, etc. Further, the CoE is expected to contribute Rs 400 to Rs 500 billion to the Indian economy by 2025.

Additionally, the CoE is expected to achieve self-sustainability within three years. At the CoE, the R&D team and industry players will develop more than 15 products, including power banks, Bluetooth speakers, smart lighting systems, wearables, etc.