Advantage India
Robust
Demand
* India has strong design and R&D capabilities in auto electronics and industrial economics. India is the second-largest manufacturer of mobile phones in the world and will be the fifth-largest consumer of electronic products by 2025.
* In FY24, the exports of electronic goods was recorded at US$ 29.11 billion as compared to US$ 23.57 billion during FY23, registering a growth of 23%.
Competitive
Advantage
* India committed to reach US$ 300 billion worth of electronics manufacturing and exports of US$ 120 billion by 2025-26.
* India is home to considerable talent for electronic chip design and embedded software.
Policy
support
* The production-linked incentive (PLI) schemes will provide companies opportunities to establish manufacturing plants in India.
* Major Government initiatives such as ‘Digital India’, ‘Make in India’ and supportive policies including favorable FDI Policy for electronics manufacturing have simplified the process of setting up manufacturing units in India.
Increasing
Investments
* Investment of Rs. 8,803 crore (US$ 1.06 billion) has been made under the scheme for promotion of manufacturing of electronic components and semiconductors.
* The PLI scheme for large scale electronics manufacturing has attracted an incremental investment of Rs. 8,390 crore (US$ 1.01 billion) in June 2024.
Dixon Technologies
Dixon Technologies was founded in 1993 by Mr. Sunil Vachani. It started with a single factory in Noida, India, focusing on manufacturing CRT televisions. Over the years, Dixon expanded its operations beyond CRT TVs to include various segments, Consumer electronics, Lighting, Home appliances, Mobile phones manufacturing mobile handsets. Dixon Technologies now boasts over 17 manufacturing units across India, from Noida to Chittoor in Andhra Pradesh. It serves clients globally and has become India’s largest electronics manufacturing services company.
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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. The company has one of the largest distribution networks in India with more than 15,000 touchpoints in FY20. In consumer durables, the company manufactures room air conditioners and air coolers. It was a leader in the room ACs segment with a 24.2% market share in FY20, whereas it held the second position in air coolers.
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