Rs. 11000 Crore To Boost The Indian Electronics Industry

Posted by News Room On Monday, August 5, 2013 0 comments
Over the last couple of decades, India has been the epicenter of consumer demand fuelled by a phenomenal GDP growth. While all sectors have been poured in with heavy demands, one sector that stands out is the high-end electronics products. The demand for the same has grown multifold during the last few years with the sector posting double digit growth numbers.
“As always, India offers a great opportunity in electronics system design and manufacturing. With the country looking to be an economic powerhouse on the global platform, sectors like ESDM will play a vital role. We have received investment offers to the tune of around 11,000 crores in this sector. The main focus this year will be on Mobile Handset Manufacturing, Automotive Manufacturing, Consumer electronics and LED manufacturing as these are the areas of interest in the market,” said Dr. Ajay Kumar, Joint Secretary, Department of Electronics and Information Technology, Ministry of Communication & Information, at the inaugural ceremony of the trade expo, electronica India 2013 and productronica India 2013 (eP India 2013).
The event had a grandeur opening with inauguration by Dr. Ajay Kumar, Joint Secretary Department of Electronics and Information Technology, Mr. Rajoo Goel, Secretary General, ELCINA, Mr. Ramana Rao, President, LEDMA and PVG Menon, IESA, Mr. Bhupinder Singh, Dy. CEO, MMI India and Dr. Martin Lechner, Director, New Business Technology Unit, MMI. Pragati Maidan, in the heart of the national capital Delhi, is the stage for the exhibition for the next 3 days. The trade fair is expected to be visited by around 10,000 visitors “This partnership of MMI-India and DeitY will work well for the industry to grow. We need to take this partnership beyond India and electronics policies need to be discussed globally. The event will make an interest in the potential buyers and suppliers of the industry to understand more about the new opportunities and weave their future plans to take advantage of the same. Government has a revamped its set of policy initiatives, now focusing on the ‘state-of-the-art’ technologies which make India an attractive destination for investment in electronics manufacturing,” added Dr. Kumar.
In its 14th year, the event has proved to be one of the best places for the electronics professionals to exchange information and develop business opportunities in India. The Electronics industry leaders from around the world and throughout the value chain visited India to gain expert insight into the technology trends and market movements shaping the ESDM industry. The trade expo got immense support from various electronic associations like Electronic Industries Association of India (ELCINA), Consortium of Electronic Industries of Karnataka (CLIK), LED products Manufacturers’ Association, India (LEDMA), India Electronics and Semiconductor Association (IESA), Manufacturers’ Association for Information Technology (MAIT), CMAI and others.
Speaking at the event, Mr. PVG Menon, President, IESA said, “An event like electronica India and productronica India will help boost the nation’s capability in ESDM and could promote self sufficiency in virtually all the application Industry verticals. We expect the electronic goods demand to rise to $ 400 billion by 2020 for which we need to encourage and unleash the tidal wave for innovation in the sector. Continuous upgrading and advancement hold the key to achieving this target. Not only do we need to focus on the business in manufacturing but issues like infrastructure, policies in which we have progressed quite a way ahead.”
Mr. PVG Menon, President, IESA further added, “Semi conductor industry is 100% import based and last year alone India consumed semi conductors worth $ 8 billion. Now in order to be self sufficient, FAB will play an essential role towards this as it can give India the technological edge in the global markets.”
Major players like, NMTronics India Pvt Ltd, iNETest Technologies (I) Pvt Ltd, Leaptech Corporation, RS Component, STMicroelectronics and Agilient Technologies showcased their products and technologies to put together a display on the India’s might and muscle in the sector. This year’s event co-located with conferences like LED Technologies by LEDMA, SMALED and ELCINA Seminar. Besides this there is also a Business to Government platform for the industry to directly interact with the DeitY to articulate and learn about new policies in the segment.

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