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‘Electronic Hardware Demand In India Likely To Reach $400 Billion By 2020’

There is a need to develop a commercially viable research ecosystem funded by the government, industry and academia to promote the next wave of innovations in electronic technology in the country.

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The demand for electronic hardware in India is likely to increase from $45 billion in 2009 to $400 billion by 2020, said Union Minister, PP Chaudhary at an Assocham conference on Electricals & Electronics Manufacturing held in New Delhi on Wednesday (31 May).

He also said that this represents huge opportunity for making investments and attaining huge growth in electronics manufacturing sector.

The Union Minister also stressed upon the need to develop a commercially viable research ecosystem funded by the government, industry and academia to promote the next wave of innovations in electronic technology in the country.

Talking about the investment scenario in the country, Chaudhary said, “Two push and pull factors are working in favour of India. The pull factor is looking at the 1.25 billion population and the vast area, and the push factor is all across the globe, while per hour professional and engineering charges come to more than $3.5 but in India it is less than even $1.”

Highlighting that availability of skilled manpower is another pre-requisite for developing robust manufacturing ecosystem in the country, Chaudhary said, “Under the digital India programme, my ministry has initiated a scheme for skill development in Electronics System Design and Manufacturing (ESDM) sector which shall cover all the state and union territories of the country for creation of an ecosystem.”