ELECTRONICS & ELECTRONIC COMPONENT manufacturers in India are poised for a phase of massive growth in business opportunities. Industry 4.0; with its revolutionary usage of voluminous, fast and reliable data; is set to place unprecedented demand on data networks, driving demand for 5G devices and with it a host of compatible electronic equipment and components.
“5G could be a game changer for Indian industry with a potential to create an economic impact of more than $1 trillion by 2035,” affirms Dr. Sreeram Srinivasan, CEO, Syrma Technology, among the top-notch Electronics Manufacturing Services (EMS) provider.
With the GoI promoting electronic industry as a part of its ambitious aim of making India a global manufacturing hub, the industry is not short of support or attention in the galleries of power.
“The government has set the ball rolling with the Production Linked Incentive (PLI) scheme,” says A Gururaj, MD, Optiemus Electronics Limited, among the early qualifiers of the scheme with a business plan of investing upward of US$ 200 million in telecom manufacturing and R&D.
Disruptive technologies opening up market demand and the government backing the industry; it couldn’t have been better time for electronics and electronic manufacturers.
BUSINESS OPPORTUNITIES
India is expected to have 13.5 billion-13.7 billion IIoT connections by 2025, say reports, and manufacturing industries are eager to leverage this disruption for maximum benefits.
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