Future of Electronic Industry

  • Market is expanding with compound annual growth rate of 24%
  • Foreign direct investments to reach US$ 400 billion in 2022
  • Make in India initiative is targeting Net Zero Imports by 2020
  • National Policy on Electronics(NPE) is expected to achieve a turnover of about INR 24 lakh crore by 2020 & employing about 28 million people at various levels for Electronic System Design & Manufacturing (ESDM) sector
  • Electronic Manufacturing Cluster(EMC) setups with world class infrastructure will attract investments. This will catalyze economic growth by increasing employment & tax revenues. 200 EMC's are projected by 2020, of which 30 are already in process of establishment
  • Investment of 50-60 SMT Lines exclusively for mobile phone manufacturing is expected in next 2 years giving direct employment to 4,000 Engineers & technicians