Our Plan Is That Anything The Consumer Buys From Havells Should Be Internet Ready Or Iot Enabled

As the Indian electronics manufacturing sector grows, we look at examples of firms that are not only manufacturing in India, but do so at standards that allow them to compete globally. Nijhum Rudra from Electronics Bazaar speaks with Vivek Yadav, vice president, Havells India Limited, about the current prospects and the future of the Indian electronics industry, as well as the various challenges Havells is facing and its business model.

EB: The electronics and manufacturing industry is booming in India, but at the same time the sector is facing many challenges. Can you please highlight some of the hurdles the industry is facing? How is your company addressing them?

Our nation’s biggest strength is software development and application development. And in this particular segment, within Havells too, we are investing a lot.

On the other hand, the hardware sector is what I think is the negative side of the Indian electronics industry. The industry and the government are unable to do enough to improve and perk up the sector. And that’s why, all industry leaders need to invest in the government’s Make in India initiative to help create a sophisticated infrastructure.

On that front, Havells is taking small steps with the objective of developing and manufacturing our own hardware. In a nutshell, India’s electronics industry is largely dependent on hardware that is coming from outside. If India’s electronics manufacturing ecosystem and infrastructure develops, and greater efforts are put into hardware innovations, it will help the electronics industry flourish.

EB: What does the future of the Indian electronics manufacturing industry look like to you?

The future is definitely very bright because everything is getting digitised today, which means there is a need for electronics hardware to cater to that trend. But at the same time, I think that the infrastructure in India is not geared up for this. Therefore, we are dependent on China, Korea, Taiwan and other Southeast Asian countries for components.