The electronics industry in India has, over the years, emerged as one of the most significant growth contributors for the Indian economy. However, it currently accounts for less than 2% of India’s GDP. Much of India’s domestic consumption is met through imports. Further, India contributes to less than 2% to the global electronics industry. The industry in India is confined to low-end value chain and the value addition, currently, is as low as 5-10%. However, India, with its huge market and unique location at the crossroads of the East and West offers huge opportunity to be developed as a manufacturing hub for electronics – both for catering domestic demand as well as that for exports.
Against this backdrop, Manufacturers’ Association for Information Technology (MAIT) organized the Electronics Manufacturing Summit 2018 on 17th January 2018 in New Delhi. The event featured leaders from the industry – comprising of OEMs, electronics manufacturing systems (EMS) companies as well as component manufacturers – along with dignitaries from the government of India including that from NITI Aayog, Ministry of Electronics and Information Technology (MeiTY) and Department of Telecom (DoT). The summit also saw participation from APEITA (Andhra Pradesh Electronics & IT Agency).