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Electronics Import Bill to Outpace Oil Spend By 2020

  • Consumption of electronics in India is all set to cross $400 billion by 2020 from the present $40 billion, threatening to cause a major balance of payments crisis by outpacing oil import bill.Indian players could contribute only half of the $40-billion, triggering fears that the import bill could shoot up as consumption goes up sharply.VLSI Design industry feels that the country needs to build ecosystem to avert such crisis. “First thing we need to do is to create skilled manpower to support the growth of industry.“Embedded systems segment would require 5.5 lakh more engineers by 2015 against 2.5 lakh engineers now. VLSI segment would require 55,000 more by 2015,” said Mr J.A. Chowdary of The Indus Entrepreneurs TiE.

  • Industry experts from across the globe gathered here at the five-day 25{+t}{+h} VLSI Design International conference and 11 International summit on Embedded Systems.Addressing the inaugural session, Mr Chowdary said the industry took over 10 years to produce 20,000 VLSI design engineers. It would require much more effort to meet the demand.

EMERGING MARKETS

  • Mr Jaswinder S. Ahuja, President of VLSI Society of India, said consumer confidence across the globe was low, with GDPs (gross domestic demand) projections deteriorating. Despite this bleak situation, semiconductor industry can bank on opportunities available in emerging countries such as India.He, however, called for a paradigm shift in pricing. “Pricing and products should keep in mind low income levels in these markets,” he said.

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