ELECTRONICS & ELECTRICAL SECTOR OVERVIEW

Statistics, news & updates: everything you need to know about the Electronic & Eletrical Industry in India

Electronic Industry India

Summary

updated in May 2017

With permitting 100% FDI in the electronics and IT hardware production and Electronic Systems Design & Manufacturing, the Indian Government wants to accelerate the Electronics and Electrical Industries. As India is known for its large pool of Engineers, many companies already shifted their production to India or source labour from India. India’s Government is currently supporting skill development in Electronics System Design & Manufacturing through a Scheme under which already 1,86,000+ candidates have been trained. The Government also wants to create new manufacturing hubs with special incentives for producers. The electronic market is projected to increase with a CAGR of 41.4% from $100 Billion in 2016 to $400 Billion in 2020. The Government’s ‘Make in India’ and ‘Digital India’ programs, along with schemes like M-SIPS (Modified Special Incentive Package Scheme) and EDF (Electronic Development Fund) and a large employee and customer base, further surge opportunities for foreign companies looking to invest in India.

Please see our latest Electronic & Electrical Industry News here!

Map- Industry Clusters

Map- Industry Clusters - Electronics

Growth Drivers

  • India has the 3rd largest pool of scientists and technicians worldwide
  • Increased governmental spending in the sector
  • Raising incomes and credit availability
  • Lower manufacturing costs compared to other markets
  • All IT/Electronic products can be freely imported with the exemption of a few defense related items

Key Players in India

International

  • Nokia, LG, Samsung, Microsoft, Texas Instruments, Flextronics, Siemens, Schneider Electrical, Bosch, Kelvin Electricals, Jabil Circuits

National

  • Bharat Electronics, Crompton Greaves, Bajaj Electricals, Wipro Lighting, Videocon, Sterlite Technologies, Centum Electronics

Market Stats

  • $28.3 billion consumer electronics market by 2020
  • Electronic market projected to grow at a CAGR of 26% in 2014-2020
  • Demand for electronic products and systems is expected to rise to $400 billion by 2020
  • India currently imports 65% of electronic equipment
  • All-time FDI high of $18.36 billion in electronics manufacturing in 2016