The electronics market of India is one of the largest in the world and is anticipated to reach US$ 400 billion in 2022 from US$ 69.6 billion in 2012. Total production of electronics hardware goods in India is estimated to reach US$ 104 billion by 2020.
The growing customer base and the increased penetration in consumer durable segment has provided enough scope for the growth of the Indian electronics sector. Also, digitisation of cable has lead to increased broadband penetration in the country and open up new avenues for companies in the electronics industry.
In a bid to push the ‘Make in India’ initiative to the global level, our Honorable Prime Minister of India, pitched India as a manufacturing destination at the World International Fair in Germany. The Government of India has taken several initiatives to promote a healthy environment for the growth of manufacturing sector in the country.