CEAMA successfully concluded workshop on opportunities & challenges in ESDM

March 14, 2013 12:42 pm

CEAMA and Department of Electronics and IT, Government of India, conducted a session on “Opportunities & Challenges in Electronic System Design & Manufacturing in Maharashtra”. This power-packed session began with Anirudh V. Dhoot, President, CEAMA and Director, Videocon felicitating the chief guest, Chhagan Bhujbal, Minister of Public Works and Tourism, Government of Maharashtra.
The Government of India has identified growth of electronics hardware manufacturing sector as a thrust area. The Union Cabinet has notified Electronic Policy, a special incentive package to promote large-scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector. The government provides financial support for the development of Electronic Manufacturing Clusters (EMCs). These EMCs would aid the growth of the Electronic Systems Design and Manufacturing (ESDM) sector, help development of entrepreneurial ecosystem, drive innovation and catalyze the economic growth of the region by increasing employment opportunities and tax revenues.
The demand for electronics hardware in the country is projected to increase from the present $ 65 billion to $ 400 billion by 2020. This provides a huge opportunity for India to become an Electronic System Design and Manufacturing (ESDM) hub. The Indian electronics market is comparatively smaller in size against the global electronic market of $ 1.8 trillion.
“The National Policy on Electronics by the Department of Electronics and IT is a commendable initiative, and on behalf of the CEAMA, I would like to congratulate them,” said Mr Dhoot. “We, at CEAMA, believe that this policy will catapult India’s contribution to the global electronic industry to 15 per cent from the current share of around 2.5 per cent.