Localisation of electronics manufacturing can create more jobs
The National Policy of Electronics (NPE) aims to transform the Indian electronics manufacturing sector into a $400 billion industry by 2020 and generate employment for 28 million Indians. The NPE, with its tax incentives and SOPs, will accelerate the industry growth rate from 16 percent per annum to 28.6 percent by 2020 and decrease the import ratio to 25 percent from around 45 percent.
This was stated in a report titled, “Electronics Manufacturing - the Pursuit of Greater Localisation,” released by TE Connectivity at a recent summit organized in association with the Institute of Electrical and Electronic Engineers (IEEE) Bangalore section. The summit was targeted at electronics professionals, entrepreneurs, design engineers, engineering students and the IEEE member community.
Sanjay Handu, Director, AD&M, TE Connectivity India says, “Domestic demand for electronics is growing year-on-year at over 20 percent. Given the high potential for growth in various segments like consumer electronics, defense, automotive, telecommunications, data communication, industrial automation, and infrastructure, etc. India has the potential to become a preferred destination for engineers to design and innovate. Localisation across the value chain – design, source, manufacture, test - will not only help bridge the demand-supply gap, but will also create jobs at all levels. It will help our country attain the much needed self-reliance in strategic electronics.”
Sudeendra Koushik Chairman, IEEE Consumer Electronics Section, delivering a speech on innovation said, “Today’s engineers need to be encouraged to be different, with a good balance of knowledge and imagination. India has a huge potential to nurture innovation and Bangalore alone can boast of around 400 design centres, both domestic & global.”
The report offers information regarding the current state of electronics manufacturing and the future outlook. It highlights the enabling and disabling factors for India to produce locally, to meet the domestic demand. It also emphasizes issues, challenges and success stories in key industry sectors and includes future direction, recommendations and calls to action for driving growth through increased localization.
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