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NDA to turn India into an electronics manufacturing powerhouse, industry leaders

The last ten years of the Modi-led government have focussed on improving the electronics manufacturing ecosystem, particularly via the PLI scheme. As Modi is set for his third term as PM, industry leaders, having delivered to the government’s mandate, expect the newly formed government to double down on investments in this sector and turn India into an electronics manufacturing powerhouse over the next decade.

“This is our time to develop design and manufacturing capabilities, thereby reducing dependence on China. It is time now to transition and add focus on value-added manufacturing as well as design in India products, thereby positioning India as a creator of global brands,” says Ajai Chowdhry, co-founder, HCL; founder & chairman, EPIC Foundation, and chairman-Mission Governing Board, National Quantum Mission.

“India has been exporting electronics, particularly smartphones, to developed markets, including the UK, Italy, France, Middle East, Japan, Germany and Russia. But there is a further need to scale this. This can only be sustainable if we have a components ecosystem,” elaborates Sunil Vachani, co-founder and executive chairman of Dixon Technologies.

“So far, we have been looking only at the low end of the assembly line. We must start moving up the value chain and bringing large anchor companies to India. Once you bring them here, the ecosystem will automatically fall into place,” says Tarun Pathak, research director, Counterpoint Research.

“We have strong design skills available, but converting that to manufacturing will take a massive effort and enablement of investments,” says Shekhar Sanyal, country head and director, Institution of Engineering and Technology (IET) India.

“The world has great confidence that India can gradually replace China as the major manufacturing nation in the world. A lot of movement has happened for China already, so it will be challenging for us, but we are confident that we will achieve our vision,” concludes Pankaj Mohindroo, chairman, India Cellular & Electronics.

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