Intel sees an opening in India’s fast rise as manufacturing hub: India sales head Santhosh Viswanathan

economictimes.indiatimes.com:

chipmaker Intel Corp., potentially enabling the country’s consumer electronics and technology manufacturing industry to replicate the success of its credentialed software sector — and create a ‘huge’ number of factory jobs in the process. The California, US-based company is looking at India as a top manufacturing base for supplying to three buckets of hardware products–laptops, data centres and servers — and electronics connected to internet of things (IoT) such as vending machines and cameras, said Santhosh Viswanathan, MD and vice president, sales, marketing and communication group, at the company’s India arm. “Electronics manufacturing creates thousands of jobs.

And we need that as a country with a median age of the population of 28. The only large-scale job creator for a country is manufacturing. That's why we all need to go and find ways to make it happen,” Viswanathan told ET.

Global companies are increasingly looking to diversify their supply-chains to India as part of a de-risking strategy that seeks to cut disproportionate reliance on China for securing key components. As companies and countries have sought to build on the China+One initiative, New Delhi has made a concerted effort to get those investments in the country. “Intel has been one of those fundamental companies that has enabled this in many parts of the world.

Whether it was China's tech ecosystem or Taiwan, we have been one of those key fundamental players that really enabled some of these,” he said. The production linked incentive scheme in mobile electronics manufacturing has been extremely successful. India's electronics exports in April jumped over 26% to $2.11 billion from the year ago boosted by shipping of mobile phones of $1.08 billion, an