India’s power surge
manufacturing of various products, including mobile and information technology hardware, helped India achieve scale in the final assembly of electronics products.
Experts believe that as India harbours ambitions to establish itself as the electronics manufacturing hub of the world, the country's next step is to go deeper into the supply chain and work on increasing the domestic value addition.
The percentage of local value addition should increase from 18-20% to 40% within the next five years, they added. Another crucial step, most experts and industry groups believe, is to have a scheme which will help develop from scratch the near-absent domestic electronic component supply base in India.
The central government’s plan to roll out a financial support package to help foster the fledgling electronic component ecosystem is a step in that direction. It will aid domestic companies to join the global supply chain and attract global component makers to India.
“While there has been improvement in the infrastructure and ease of doing business, a special scheme with Production and Capital incentives is the need of the hour. We still import 70% of electronic components and this is a great disability for our industry," said Rajoo Goel, secretary general of the Electronics Industries Association of India (ELCINA).
Entrepreneurship
Boosting Startup Revenue with 6 AI-Powered Sales Automation Techniques
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Office Productivity
Mastering Google Sheets:
