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11
February 2019
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Electronics (The Total Investment & Insurance Solutions)
New schemes introduced by
the government will focus not only on manufacturing of electronics in India,
but also positioning the country as an export hub, a top government official
said Monday.
Speaking at MAIT's Electronics Manufacturing Summit 2019, Electronics and IT Secretary Ajay Prakash Sawhney said there has been a "widening and deepening" of the electronics manufacturing ecosystem in the country.
He added that apart from various brands coming to the country to set up manufacturing base, their supply chain partners have also started participating. "I think we have to focus not just on manufacturing, this time we have to focus on exports.
Speaking at MAIT's Electronics Manufacturing Summit 2019, Electronics and IT Secretary Ajay Prakash Sawhney said there has been a "widening and deepening" of the electronics manufacturing ecosystem in the country.
He added that apart from various brands coming to the country to set up manufacturing base, their supply chain partners have also started participating. "I think we have to focus not just on manufacturing, this time we have to focus on exports.
Many
of our new policies that will replace the schemes that have run the course,
they will focus on exports, we will focus on bringing in supply chain
partners..." he said. The official said many multi-national companies are
already using their Indian outfits for design and R&D of new products and
services, and with electronics manufacturing ecosystem now growing strongly,
there is a "tremendous opportunity". "It is important for us to
not just manufacture, but to be a part of the global ecosystem... It's
important to not just assemble in India but how well we are integrated with the
global supply chain and what can we do to move this," Sawhney said.
MAIT President Nitin Kunkolienker said
India's demand for consumer electronics has grown tremendously in the recent
past, leading to an increase in import. "Despite the demand, manufacturing
in consumer electronics has been limited to assembly of components.
Currently, domestic value addition in
electronics manufacturing is far less than the global average," he said
adding that reforms like 'Make in India' will help the nation in becoming the
hub for the global electronics market. During the event, Coconics -- a
public-private company set up in Kerala by UST Global, KELTRON, KSIDC and
Acceleron Labs (an Intel India Maker Lab accelerated startup) -- unveiled its
range of laptops designed in India. The laptops, to be manufactured in India,
will cater to the varied requirements of governments, enterprises and
educational institutions.
Coconics said it expects its products, which
will be competitively priced, to be available for distribution by the second
quarter of 2019. Coconics has a manufacturing plant in Monvila on the outskirts
of Thiruvananthapuram, which has a capacity to manufacture 2.5 lakh laptops. The Total Investment & Insurance
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