Advantage India
Robust
Demand
* One of the largest consumers of electronic products in the Asia-Pacific region.
* Third largest start-up hub coupled with strong research & development (R&D) ecosystem.
* Will be the fifth-largest consumers of electronic products by 2025.
* Electronics repair, in addition to manufacturing, is a US$ 20 billion opportunity that has the potential to create 5 million jobs.
Competitive
Advantage
* Addressable market for domestic OEMs is projected to be >Rs. 10 lakh crore (US$ USD 131.99 billion) by 2025.
* The Indian government's National Policy on Electronics (NPE 2019) aims to facilitate a turnover of US$ 400 billion in domestic manufacturing by 2025.
Policy
support
* Under the PLI scheme for IT Hardware, the approved enterprises are estimated to manufacture equipment worth >US$ 21.62 billion over the next four years.
* The electronics sector is expected to nearly double in contribution to the GDP in the next few years, owing to increased support from the government to domestic manufacturing.
Increasing
Investments
* The government has set a target to get ~Rs. 18,000 crore (US$ 2.4 billion) investments in the electronics manufacturing segment by 2021-22.
* The Indian market is witnessing increasing investment from players such as Intel, C4V (a lithium-ion cell manufacturer in the US), etc.
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