India Cellular & Electronics Association (ICEA)’s Post

India aspires to emerge as a major global hub for #semiconductor manufacturing, following in the footsteps of leading countries like the #Taiwan, #Japan, #US., and #South #Korea. To achieve this, #India has been proactively engaging with and attracting foreign semiconductor firms to establish their manufacturing and operational bases within the country. The government's efforts are part of a broader strategy to reduce dependency on imports, bolster technological self-reliance, and position India as a key player in the #global #semiconductor supply chain. #Semiconductors, #SemiconductorManufacturing, #IndiaGrowthStory, #TechIndustry, #IndiaSemiconductorMission, #MicronTechnology, #Innovation, #TechEcosystem, #MakeInIndia, #DigitalIndia, #Semicon #India #2024 #ManufacturingExcellence, #TechInvestments, #IndiaAsGlobalHub, #FutureOfTech, and #SupplyChainDiversification.

In 2023, manufacturing investment in plants and other production facilities in the United States rose nearly 63%, the biggest yearly gain since 1951 👏 This an outcome of China +1 strategy, right ? India and other asian countries are going to gain from global OEM's strategy to have a supplier outside China as strategy to mitigate the risk to their products. US Companies are even considering to have an alternate manufacturing facility in US itself and that is pulling up investments in production facility in states. However, the question still remains unanswered how do they mitigate component supply chain, where the roots still remain in China and those are too long. I am associated with the Electronics Industry in India since 1994 and have not seen better times for Indian electronics Industry compared to what we are witnessing as of now. Agree ? Comments 👇👇👇👇 - Amarpreet Singh #Makeindia #EMS #Electronicsmanufacturing #OEM #Growth

🚀 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐭 𝐟𝐨𝐫 𝐚 𝐌𝐚𝐣𝐨𝐫 𝐁𝐨𝐨𝐬𝐭!🇮🇳 The Indian government is gearing up to launch a new scheme aimed at building a sustainable electronics component ecosystem, mirroring the tremendous success seen in mobile phone manufacturing. 🔹 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: - Electronics manufacturing in India has skyrocketed to $105 billion in 2022-23 from just $29 billion in 2013-14. - A whopping ₹400 Bn is likely to be allocated to the upcoming electronics component manufacturing scheme. - Global giants like Apple are already manufacturing their latest models in India, showing strong confidence in the country's capabilities. 📈 𝐒𝐭𝐨𝐜𝐤𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡: • Dixon Technologies: CMP: 12555 | Market cap- 789 Bn • Havells India- CMP: 1902 | Market cap- 1.1 Tn • Bharat Electronics Limited (BEL)- CMP: 297 | Market cap- 2.2Tn 𝐍𝐢𝐟𝐭𝐲50: 25,305 (02-09-24) This initiative promises to accelerate India's journey to becoming a global electronics manufacturing hub. Exciting times ahead! 🌟 #ElectronicsManufacturing #MakeInIndia #InvestmentOpportunities #StockMarket #TechIndustry #IndiaGrowthStory

This update brilliantly captures India’s growth in electronics manufacturing. Strategic partnerships and policies are paving the way. Implementing NITI Aayog’s recommendations will further enhance our global standing. शानदार भविष्य हमारा इंतजार कर रहा है! #ElectronicsManufacturing #MakeInIndia #Innovation #DigitalIndia

India's EMS Industry: A $200 Billion Dream? Foxconn’s annual revenues stand at a massive $200 billion. In comparison, the combined annual revenues of all listed EMS companies in India are under $6 billion. This stark difference highlights the untapped potential of India’s Electronics Manufacturing Services (EMS) sector. The growth opportunity here is not just promising; it’s extraordinary. With the EMS industry in India expected to grow at 34% annually and reach ₹4.5 lakh crore by FY26 (Frost & Sullivan), the next decade could transform India into a global manufacturing powerhouse. Factors like rising domestic production, import replacement, and the "China Plus One" strategy are driving this growth. The government’s PLI (Production-Linked Incentive) scheme is further fueling this momentum by attracting investments and incentivizing manufacturers to expand their capabilities. While valuations in the sector need close attention, the growth story for India’s EMS industry is just beginning—and the trajectory looks exciting. #ElectronicsManufacturing #EMS #IndiaGrowthStory #MakeInIndia #Manufacturing #PLIScheme #ChinaPlusOne #GrowthOpportunity #Innovation #Technology

India’s transition from an importer to a self-reliant and export-led electronics manufacturing hub is rapidly becoming a reality. A lot of the credit behind this success goes to strategic investments, public-private partnerships, supportive government policies, and strong industry collaborations. The ‘Electronics: Powering India’s Participation in Global Value Chains’ report from NITI Aayog has significant importance in highlighting the key differentiators and the path forward for India to become a global electronics manufacturing hub. The report suggests that while significant progress has been made, the journey is only halfway complete. Future efforts should focus on increasing India’s participation in the global value chain.   Key recommendations include promoting component and capital goods manufacturing, incentivising R&D and design, rationalising tariffs, implementing skilling initiatives, and developing robust infrastructure. A focus on both mid and long-term visions and solidifying our foundation will be critical to this growth. Interesting read: bit.ly/3SgrzGh #ElectronicsManufacturing #MakeInIndia #Innovation #DigitalIndia NITI Aayog | FICCI | Make In India | Digital India Programme | Ministry of Electronics and Information Technology | India Electronics and Semiconductor Association

🚀 India Targets $500 Billion in Electronics Manufacturing by 2030 🇮🇳 India is on a mission to become a global electronics manufacturing powerhouse, setting an ambitious target of reaching $500 billion by 2030! 🏭💡 To make this a reality, the government is rolling out key industry reforms: ✅ Incentives for local production ✅ Streamlined regulations ✅ Boosting supply chains for semiconductors, PCBs, and components ✅ Investing in R&D and talent development This vision positions India as a crucial player in the global supply chain, driving growth, innovation, and sustainability in the electronics sector. 🌍🔌 For manufacturers and industry leaders, it's an exciting time to explore opportunities in the Indian market! At Zenaca consulting we work with our customers to set up green field electronics manufacturing units or help the existing players to mature and grow operations around SMT, PCBA and box build operations. - Amarpreet Singh #ElectronicsManufacturing #India2030 #MakeInIndia #ManufacturingGrowth #Innovation

🚀 India's Bold Vision: $500 Billion Electronics Manufacturing by 2030! 📱💻 Electronics and IT Minister Ashwini Vaishnaw recently announced the government's collaboration with the industry to achieve $500 billion in electronics manufacturing within the next six years. This ambitious goal, revealed by Prime Minister Narendra Modi, could transform India's industrial landscape. Key factors include: ⚙️ Industry Reforms: The government is working on reforms to ease doing business and rationalize tariffs. 📈 Massive Growth Target: Electronics manufacturing needs to grow at an annual rate of 20-22% to hit the $500-billion mark by 2030. 🔗 Collaborative Task Forces: Industry stakeholders, like ICEA and Apple India, are aligning with the government to drive this mission forward. Apple India’s MD Virat Bhatia emphasized the sheer scale of this target, which could revolutionize India’s economy. "If we can dream it and get close, it will change the nation forever," he remarked. India is ready to lead the global electronics revolution. Let’s make it happen! 🇮🇳💥 #ElectronicsManufacturing #India500Billion #MakeInIndia #TechForGrowth #DigitalIndia

India’s Semiconductor Ambition: Striking a Balance Between Global Partnerships and Aatma Nirbhar Bharat India is on the verge of becoming a major player in the global semiconductor industry—a critical move that could redefine our technological and economic landscape. However, as we take bold steps towards this goal, it’s essential to consider how this aligns with our Aatma Nirbhar Bharat mission. Foreign investments are playing a pivotal role in kickstarting our semiconductor journey. Companies from around the world bring in much-needed capital, technology, and expertise that are currently scarce in India. These global partnerships are crucial, especially in the early stages of development, where building a self-sustaining semiconductor ecosystem from scratch is a daunting task. However, reliance on foreign entities raises important questions: Will this dependence hinder our long-term goal of self-reliance? How do we ensure that foreign investments serve as a catalyst for domestic capability building rather than creating a permanent dependency? The answer lies in leveraging these partnerships strategically. India must focus on using foreign investment as a bridge to build indigenous capabilities. This involves fostering local innovation, developing a skilled workforce, and gradually reducing reliance on foreign technology. By doing so, we can ensure that our semiconductor ambitions are not just a part of the global supply chain but a testament to India’s growing self-reliance. The journey ahead is challenging but promising. Together, we can create a semiconductor ecosystem that aligns with our vision of Aatma Nirbhar Bharat while contributing significantly to the global market. #AatmaNirbharBharat #Semiconductors #IndiaRising #GlobalPartnerships #Innovation

India's $500 Billion Electronics Production Target by 2030. India aims to boost its electronics production from $115 billion to $500 billion, with mobile phones contributing $180 billion, up from $54 billion. Achieving this ambitious target, set by Prime Minister Modi at the Semicon India event, requires a 20-22% annual growth rate. Key strategies include attracting major global players and enhancing India’s role in Global Value Chains (GVCs). Skilling the workforce to meet industry demands is essential. With strong government support, growing domestic demand, and favorable geopolitical shifts, India is poised to become a global leader in electronics manufacturing, driving economic growth and job creation as well as business opportunities. Ref: Business Standard