New Delhi September 4, 2013: India has received investment offers in the in electronics system design and manufacturing sector alone, to the tune of Rs 110 billion ( 11,000 crores) announced Dr. Ajay Kumar, Joint Secretary in India's Department of Electronics and Information Technology of the Ministry of Communication & Information., on Tuesday. The main focus of interest is on Mobile Handset Manufacturing, Automotive Manufacturing, Consumer electronics and LED manufacturing
He was inaugurating the combined trade expo electronica India 2013 and productronica India 2013 (eP India 2013). " As always, India offers a great opportunity With the country looking to be an economic powerhouse on the global platform, sectors like ESDM will play a vital role. Government has a revamped its set of policy initiatives, now focusing on the ‘state-of-the-art’ technologies which make India an attractive destination for investment in electronics manufacturing,” added Dr. Ajay Kumar.
Added PVG Menon, President, India Electronics ans Semiconductor Association: “ We expect the electronic goods demand to rise to $ 400 billion by 2020 for which we need to encourage and unleash the tidal wave for innovation in the sector. The semiconductor industry is 100% import based and last year alone India consumed semi conductors worth $ 8 billion. Now in order to be self sufficient, FAB will play an essential role towards this as it can give India the technological edge in the global markets.”
In its 14th year, the event has proved to be one of the best places for the electronics professionals to exchange information and develop business opportunities in India. The trade fair expected to be visited by around 10,000 visitors over its three days. It is supported by Electronic Industries Association of India (ELCINA), Consortium of Electronic Industries of Karnataka (CLIK), LED products Manufacturers’ Association, India (LEDMA), India Electronics and Semiconductor Association (IESA), Manufacturers’ Association for Information Technology (MAIT), CMAI and others and is organised by MMI India, part of Messe Munchen