IN TODAY'S WORLD, technology drives economic progress and geopolitical stature, with influence dependent on creating cutting-edge products for domestic and international markets. It's time to transition from a service-based model for design & manufacturing to a product-based model. Electronics & Semiconductor (E&S) are the backbone of the economy, infrastructure, national security and strategic advancements must be prioritized as cornerstones of the nation's economic strategy.
Currently, Indian products account for less than 10% of the $200+ billion electronics and semiconductor consumption. Key reasons for this include joining ITA-1 before domestic firms were ready for global competition, along with large companies lacking a product mindset. Also, there was the government focus on manufacturing and limited venture funding, plus scarcity of business and product talent.
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Financial Express Delhi.
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Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Financial Express Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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