The Indian electronics sector received a boost with the announcement in late 2011 of the National Electronics Policy, and the confirmation of the government’s commitment to stimulating the Indian electronics systems design and manufacturing sector at the ISA Vision Summit held in Bangalore in February 2012.
According to the Department of IT, Government of India, the consumer and industrial electronics demand in the Indian market in 2011-12 stands at UK£45 billion, of which 80% is serviced through imports. Domestic consumption is set to grow to UK£256 billion (US$400 billion) by 2020. While there is an ecosystem of electronics design in India, many of these are simply design centres for large multinational electronics companies, rather than servicing the local market demand.
The government is therefore looking at creating a globally competitive ecosystem in India itself and to serve both local and international market demand. The Indian government is therefore looking for companies and organisations with expertise in all of the areas below. The key objectives of the national policy are:
a. To create an eco-system for a globally competitive ESDM (electronics system design and manufacturing) sector in the country to achieve a turnover of about US$400 billion by 2020 involving investment of about US$100 billion and employment to around 28 million people at various levels.
b. To build on the emerging chip design and embedded software industry to achieve global leadership in VLSI, chip design and other frontier technical areas and to achieve turnover of US$55 billion by 2020.
c. To increase the export in ESDM sector from US$5.5 billion to US$80 billion by 2020.
d. To significantly enhance availability of skilled manpower in the ESDM sector; a special focus for augmenting post-graduate education and to produce about 2500 PhDs annually by 2020.
e. To create an institutional mechanism for developing and mandating standards and certification for electronic products and services to strengthen Quality Assessment infrastructure nationwide.
f. To develop an appropriate security ecosystem in ESDM for its strategic use.
g. To create long-term partnerships between EDSM industry and strategic sectors like defence, space, and atomic energy.
h. To become a global leader in creating intellectual property (IP) in the ESDM sector by increasing fund flow for R&D, seed capital and venture capital for start-ups in the ESDM and nanoelectronics sectors.
i. To develop core competencies in sectors like automotive, avionics, industrial, medical, solar, information and broadcasting through use of ESDM in these sectors.
j. To use technology to develop electronic products catering to domestic needs and conditions at affordable price points.
k. To expedite adoption of best practices in e-waste management
l. To create specialized governance structures within Government to cater to specific needs of the ESDM sector including high velocity of technological and business model changes.
Topics: Insights & Statistics