India ESDM 2014: Speed is the name of the game

The scale of opportunities for Indian Electronics System Design and Manufacturing (ESDM) is only growing irrespective of global economic uncertainties. The slow growth of global economy can only reduce the growth of Indian electronics consumption to very-little extent, because the mobile phone and many other electronic devices are becoming important irrespective of economic status of many buyers. In year 2013, as per our estimations from the feedbacks we received from large number of small and big companies selling electronics products in India, are estimated to be growing their revenues in the range of 10 to 15%, while their global market growth is slow/flat or down in 2013. There are few companies which have reported an excellent growth rate, one such company is embedded computer module supplier Advantech from Taiwan, which is even estimating hundred percent growth in revenues from the Indian region. This clearly indicates the forecast of the demand of electronic hardware in India to reach US$ 400 billion by 2020, is a realistic forecast. If the Indian economy growth picks up to a level of 8% or more, there is no wonder the electronic hardware demand exceed more than US$ 400 billion by 2020. How much of this can be served by manufacturing locally is a big challenge. Though timing is very right for the Indian companies to take up this opportunity, but the challenges are...