We can't say Atmanirbhar Bharat without electronics manufacturing: ELCINA
By MYBRANDBOOK
Electronics is at the heart of most existing and emerging technologies and are widely recognised as a meta-resource. Electronic components are the building blocks of electronic equipment and contain the essence of electronics technology.
India's ambitious aim to become a manufacturing hub for the world will be impossible to achieve if the country does not immediately start investing in manufacturing of key components like displays and ICs (integrated chips) needed by crucial electronic devices, Rajoo Goel, Director General, ELCINA said.
India has lagged behind in manufacturing of components, especially the high end PCB's, chip components, and semiconductors. Key electronics today requires these components based on cutting edge semiconductor technology to manufacture power electronics, memory devices, sensors, and displays which contribute the lion's share of electronic products," Goel added.
Goel said, displays that make up the major value ranging from 10-50%, of popular electronic products such as mobile phones, televisions sets, laptops, tablets and their use is growing rapidly with touch and interactive technology becoming common in all domains.
Unfortunately, India does not have a display fabrication unit which requires a very large investment of several billion US Dollars and is based on semiconductor technology. The manufacture of such key electronic components is vital to establish a sustainable and self-reliant eco-system for the Electronic Systems Design & Manufacturing sector. It is the only way to enhance value addition and establish the both, the upstream and downstream value chain.
A recent report by the Indian Cellular & Electronics Association estimates that given the rising domestic demand, the overall demand for Displays for 2020 was about 253 million Units valued at $5.4 billion. Given the manufacturing plans for Mobile Phones, TV and IT hardware products, it is expected to grow at a healthy CAGR of 29.5% to 922 million units or $18.9 billion by 2025. Currently, electronics make up second highest import bill for the country after oil.
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