New schemes introduced by the government will focus not only on manufacturing of electronics in India, but also positioning the country as an export hub, noted a top representative from the Government.
Recently, speaking at the MAIT’s Electronics Manufacturing Summit 2019, Electronics and IT Secretary Ajay Prakash Sawhney said there has been a “widening and deepening” of the electronics manufacturing ecosystem in the country.
Furthermore, he added that apart from various brands coming to the country to set up manufacturing base, their supply chain partners have also started to join in.
“I think we have to focus not just on manufacturing, this time we have to focus on exports. Many of our new policies that will replace the schemes that have run the course, they will focus on exports, we will focus on bringing in supply chain partners…” commented Ajay Prakash Sawhney, Electronics and IT Secretary.
The official said many multi-national companies are already using their Indian outfits for design and R&D of new products and services, and with electronics manufacturing ecosystem now growing strongly, there is a “tremendous opportunity”.
“It is important for us to not just manufacture, but to be a part of the global ecosystem… It’s important to not just assemble in India but how well we are integrated with the global supply chain and what can we do to move this,” added Sawhney.
At the event, MAIT President, Nitin Kunkolienker said, “India’s demand for consumer electronics has grown tremendously in the recent past, leading to an increase in import. Despite the demand, manufacturing in consumer electronics has been limited to assembly of components. Currently, domestic value addition in electronics manufacturing is far less than the global average,”
He further lauded the reforms like ‘Make in India’ and noted that it will help the nation in becoming the hub for the global electronics market.