- Significant local demand.
- Rising manufacturing costs in alternate markets.
- 65% of the current demand for electronic products is met by imports.
- Modified Special Incentive Package Scheme (MSIPS) (USD 13.4 Billion investment proposals till March 2014).
- Electronics Manufacturing Clusters Scheme (EMC).
- Skill Development Scheme.
- Huge consumption in the Middle East and in emerging markets such as North Africa and Latin America.
- Existing R&D capabilities can be encouraged to develop âMade in Indiaâ products and generate local IP.
INFORMATION TECHNOLOGY INVESTMENT REGIONS (ITIR):
- Karnataka (42.5 sq. km, near Bengaluru, a USD 17.6 Billion investment).
- Telangana (202 sq. km, near Hyderabad, USD 36.4 Billion investment).
- EMCs are being established across the country by GMR (near Bangalore), Telangana Government Corporation (near Hyderabad), Electronics Components Industries Association (near Delhi), MP State Electronics Development Corporation (Bhopal and Jabalpur); Kerala Industrial Infrastructural Development Corporation (near Kochi).
- Semiconductor Wafer Fabrication (FAB) manufacturing facilities being set up in India in Uttar Pradesh and Gujarat with a total investment of USD 10.5 Billion.
- Venture funds with a strong focus on electronics planned includes the Electronics Development Fund, Walden India Fund, KITVEN Fund and the SIDBI Fund.
- Electronic Sector Skills Council and Telecom Sector Skills Council have been set up for establishing an effective and efficient ecosystem for developing and imparting outcome-oriented skills for the ESDM sector. A total of 90,000 people are to be supported under the Skill Development Scheme in six different states.
Reasons to Invest
- Global demand to reach USD 94.2 Billion by 2015.
- Large demand generated due to government schemes like the National Knowledge Network (NKN), National Optical Fibre Network (NOFN), tablets for the Education sector, a digitisation policy and various other broadband schemes.
- Adequately developed Electronic Manufacturing Services (EMS) industry is set to be a significant contributor to the entire industryâs development.
- India has the third largest pool of scientists and technicians in the world.
- Skilled manpower available in abundance in Semiconductor Design and Embedded Software.
- Strong design and R&D capabilities in auto electronics and industrial electronics.
- Cabinet approves policy for providing preference to Â´Make in IndiaÂ´ in Government procurements
- India offers tax concessions to Apple to expand production
- Apple in talks to expand India production capacity, Prasad says
- IKEA aims to have over 30% of products made in India: Patrik Antoni
- Volvo to start assembling cars in India by year-end
- The Department of Electronics & Information Technology, Ministry of Communications & Information Technology, Government of India
- Manufacturers Association for Information Technology
- Electronic Industries Association of India
- Consumer Electronics and Appliances Manufacturers Association
- India Electronics Semiconductor Association
- Indian Electrical & Electronics Manufacturers Association
- Automotive Component Manufacturers Association of India
- Association of Indian Medical Device Industry