India is set to develop into global electronics manufacturing hub

November 15, 2021 8:16 pm

 India has emerged as one of the largest markets for electronics products in the world.

The high growth is in demand for smart phones, lighting products, security products as well as industrial technologies. Further, there has been an expansion in markets for medical electronics, defense, and emerging technologies such as 5G, IoT, Industry 4.0, and smart cities. According to Invest India, the country’s electronics market is forecast to reach $400 billion by 2025. However, one of the electronics manufacturing industry’s challenge is the cost disadvantage, faced by component manufacturers.

According to report published in eetindia.co.in, India has emerged as one of the largest markets for electronics products in the world. The country has undergone rapid growth in domestic electronics production—from having $29 billion worth of production in 2014 to $75.7 billion in 2019. Mobile phone production, in particular, registered more than fivefold production growth, from 60 million units in 2014 to 330 million units in 2019. 

The per capita disposable income and private consumption has been doubled in the past seven years. A larger PLI Scheme under Atmanirbhar Bharat in 2020 to support seven segments, including advanced cell chemistry, automobiles and auto components, telecom and networking products, solar PV modules, white goods (air conditioners and LED lights), IT hardware, and other electronic/technology products. This policy has a budget of $14.94 billion.”

ELCINA was the first industry association supporting electronics hardware.. It has established itself as an interactive forum for electronics and IT manufacturers, actively interacting with the government and advising on policy and business environment issues. Also, ELCINA instituted the Annual ELCINA Awards for Excellence in Electronic Manufacturing & Services over 40 years ago. This forum, ELCINA has co-promoted Electronics Sector Skills Council of India (ESSCI) together with other sister associations, with support from the National Skill Development Corp. (NSDC), to develop and impart skills development programs throughout the country. ELCINA is a forum formed to deliberate on the ways in which the electronic component industry could be developed.