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.
Onida
Onida, formerly Mirc Electronics, was established in 1981 and is headquartered in Mumbai, Maharashtra. The company started with a goal of manufacturing TV sets, transformed into a complete consumer durables company with a wide product portfolio including flat-panel TVs (LED LCD TVs), air conditioners, washing machines, microwave ovens, DVD home theatre systems, mobile phones, projector systems and LED lights. The company has manufacturing facilities at Wada (Maharashtra) and Roorkee (Uttarakhand).
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Voltas Limited
Voltas Ltd. is part of the Tata Group and the largest air conditioning company in India. It was established in 1954 and is headquartered in Mumbai, Maharashtra, with regional offices across major Indian cities. The company operates in the following three segments unitary cooling products, electromechanical projects & services and engineering products & services.
Read MoreLava International Ltd
Established in 2009, Lava International Ltd., is an Indian mobile handset manufacturer. Since its inception, the company has been at the forefront in building a robust ecosystem of design and manufacturing mobile handsets. With ‘Create Possibilities’ as its guiding principle, Lava has embarked on an ambitious journey of becoming the 1st global consumer brand from India by empowering every human with quality innovative products.
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