The demand for electronics hardware in the country is projected to increase from the present US$ 65 billion to US$ 400 billion by 2020. This provides a huge opportunity for India to become an Electronic System Design and Manufacturing (ESDM) hub. The Indian Electronics market is comparatively smaller in size against the global electronic market of $ 1.8 trillion.
The Government of India has identified growth of electronics hardware manufacturing sector as a thrust area. The Union Cabinet has notified Electronic Policy, a special incentive package to promote large-scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector. The Government of India will provide financial support for the development of Electronic Manufacturing Clusters (EMCs). These EMCs would aid the growth of the Electronic Systems Design and Manufacturing (ESDM) sector, help development of entrepreneurial ecosystem, drive innovation and catalyze the economic growth of the region by increasing employment opportunities and tax revenues. The other elements of the Policy are:- Modified Special Incentives Package (MSIP), Setting up of Semiconductor Fabs, Preferential Market Access (PMA) for all Govt. purchases and Electronic Development Fund.
Further, the state of Maharashtra has been a preferred investment destination for both domestic and foreign companies, because of the skilled manpower, enabling infrastructure and socio-economic development. The states focus will be on creating a hassle-free environment for investors during the entire investment cycle, be it before, during or after their investment. Special incentives will be given for cluster development and competitiveness-
According to Mr. Anirudh V Dhoot, President, CEAMA & Director, Videocon, “The National Policy on Electronics, by the Department of Electronics & IT is a commendable initiative and on behalf of the CEAMA Members, I would like to congratulate them for this. We at CEAMA believe that this Policy will catapult India’s contribution to the global Electronic industry to 15% from the current share of around 2.5%.”
He further added stating, “The Maharashtra Government has announced the Industrial Policy 2013 with the objectives to retain Maharashtra’
The State Governments play a critical role in successful activation of these initiatives, as the State Governments need to develop ESDM policies such as setting up of Electronic Manufacturing Clusters (EMCs), etc.
The members at CEAMA are committing themselves to Maharashtra’
Consumer Electronics and Appliances Manufacturers Association (CEAMA), is an all India body representing the 40,000 Crore Consumer Electronics and Durables Industry. With around 100 members & a strong foothold since the past 33 years, this non-profit organization constantly strives to look after the common interests of its members, for sustainable growth in the sector. In the year 2012 the industry witnessed new trends with advanced and smart technologies for consumers & is set for a rapid growth in future.