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2012 Indian Electronics Story a 'Page Turner'?

Posted: 05 Jan 2012     Print Version  Bookmark and Share

Keywords:Indian electronics market  electronics manufacturing  supply chain  solar 

Private Sector, the Executor!

Electronics companies in the private sector, on the other hand, need to collaborate with the Government in effecting the Policy for the best of results. Availing the Policy benefits, companies need to focus on performing value-adding activities in their factories/facilities in the country. Companies must indulge in indigenous design, development, and manufacturing, instead of mere assembling. Positioning India as the export base for other developing economies in Africa, Latin America, and the Middle East needs to be explored. Companies must also increasingly collaborate with academia to exploit the vast expertise for development of India-focused products and technologies in a cost-effective manner. Companies should also take initiatives to attract the abundant NRI talent from overseas locations for the benefit of the development of our indigenous electronics industry.

Sunshine Sectors

There are some markets with the ability to alter the character of the country's electronics industry. While the Government needs to devise preferential treatment mechanisms for growth in these markets, companies need to invest in local design, development, and production of these products and develop the necessary ecosystem for these.

Chart 1.2 below depicts these high growth sectors.

Sunshine Sectors

Sunshine Sectors For Indian Electronics Industry, 2012.

LED Lighting: According to Frost & Sullivan's latest research, the Indian LED Lighting market was estimated to be Rs.374.08 crore ($73.32 million) in 2010, growing from Rs.267.04 crore ($52.34 million) in 2009. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 47.76 per cent till 2018 and reach revenues of Rs.8,520.41 crore ($1.67 billion) in 2018. As India grapples with the challenges of energy deficiency, electrification of remote rural regions, and energy sustainability, the need to develop alternate technologies that overcome these challenges has magnified. Lighting being an application that accounts for 20 per cent of the entire energy consumption in the country, LED has emerged as a solution to India's lighting energy woes. LEDs are poised to replace conventional general lighting service (GLS) lamps and high intensity discharge (HID) lamps in many key applications like street lighting, indoor and outdoor lighting; apart from industrial, automotive, and niche applications like the railways.

Solar: An ambitious solar mission aims at 20GW solar power generation by 2020 and has garnered the attention of companies to enter photovoltaic module production in the country. The natural progression towards more upstream value addition in the solar industry holds significant potential for companies to focus on.

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