2. The Indian Electronics Manufacturing Market
The current electronics market in India is close to US$100 billion and is
estimated to reach US$400 billion by 2020.
Two major emerging areas in the electronics manufacturing market in
India are the chip design and embedded software industries.
The period between 1984 and 1990 was considered the golden age of
Indian electronics.
The Indian electronics manufacturing industry took off from 1965 with
1982 and 1988 witnessing major milestones in the growth of the industry
with the advent of the color television and digital exchanges.
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3. The Indian Electronics Manufacturing Context
Foreign investment into the electronics manufacturing sector in India is
dependent on government policies to a major extent with foreign
technology induction being encouraged both through FDI and foreign
technology collaboration agreements.
The electronics manufacturing sector has been growing in India
witnessing a CAGR of 31% between 2004–2005 and 2009–2010.
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4. Major Driving Factors and Challenges
Global OEMs de-risking China has given rise to a trend of shifting mass
manufacturing bases to Asia.
Over the years, the rise of SEZs have also contributed to growth in the
electronics manufacturing sector.
Manufacturing bases of many firms will be shifted to India from
neighboring countries, which is an encouraging sign.
Measures to boost investor confidence are required in this space.
The other major area of challenge for India is constantly updating all its
resources to meet and mitigate the challenges of manpower shortage.
New business areas have to be explored to increase customer base.
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5. About Brickwork Sourcing
Brickwork is the pioneer of the Virtual Office business. We provide virtual support for
businesses across the globe. Our well informed Remote Sourcing Analysts (RSAs) can
provide support at any or all stages of your sourcing lifecycle. Your Virtual Sourcing Office
can be a large team of analysts supporting large companies with established procurement
processes or a one-man-show to function as your entire procurement office.
Disclaimer
“The information contained in this document that includes text, graphics and links, are provided on an “as-is”, "with all faults" and "as
available" basis and are without warranty of any kind. While Brickwork relies on sources that are believed to be reliable, it cannot rule
out errors in judgment or application. The document is intended for “information” and “general guidance” purposes only.” Investment
decisions and/or other decisions based on the conclusions and potential strategies mentioned in the document are not necessarily
endorsed by the Brickwork management.” 5