Standard Post with Image

India to Emerge as a Manufacturing Hub with Make in India Initiative

News

India will emerge as a parallel production hub to China for global markets in electronics manufacturing as the government shifts attention to boost the making of sophisticated, high-technology products in the country

Source – ET

SNP Insights:

The electronic market in India is growing at a faster pace with its import expected to reach USD 400 billion in 2020. To reduce the extent of imports, government with the initiatives of Digital India and Make in India is planning for extensive indigenous manufacturing of electronic goods and aims at making India a global manufacturing hub. This seems to open up huge partnership and investment opportunities for large players like Panasonic, Samsung, Bosch etc. in the segments of electronic components, telecom network equipment’s, auto motives, solar panel manufacturing etc.

Source – SNP Infra Research