By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

Electronic Contract Manufacturing in India to Grow Over 6-Fold by 2025

Electronic Industries Association of India (Elcina) has forecasted that the electronic contract manufacturing sector(EMS) in the country is projected to grow by over six-fold to USD 152 billion by 2025. Globally, the electronic manufacturing services (EMS) sector was valued at USD 832 billion in 2019 and is estimated to grow to USD 1,055 billion by 2025.

elcina“Elcina predicts that the Indian EMS industry will gallop from USD 23.5 Bn in 2019-20 to USD 152 Bn by 2025. This effectively means that it has the potential to grow from less than 3 percent of the global industry to about 14 percent within 5 years,” the Electronic Industries Association of India (Elcina) said in a statement.

Electronics and IT Secretary Ajay Prakash Sawhney, while releasing the ‘EMS Task Force Report’ by Elcina, emphasized the need to manufacture printed circuit board (PCB) assemblies within the country and reduce import dependence.

To Read Full Article Please Fill Some Details

Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

Related Articles