Wednesday, January 8, 2014

Electronics Industry - India - Policy, Plan and Programmes

India has seen huge consumer demand for electronic goods fuelled by a phenomenal GDP growth. The demand for electronics hardware in the country is projected to increase from USD 45 billion in 2009 to USD 400 billion by 2020 (Source: Task Force on Electronics Report).

The estimated production in the country  with the current trend basis will reach only  USD 104 billion by the year 2020, creating a gap of USD 296 billion between demand and production. This creates a unique opportunity for multinational and foreign companies in the ESDM (Electronic System Design & Manufacturing) sector to look at India as their next destination to cater to the domestic Indian demand as well as act as an exports hub.

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