India has yet again shown its strength to whole world where in a single day within its launch -it has broken all records and world’s largest COVID-19 vaccination drive made, where over 3 lakh people got vaccinated. The young teaming talented population of the country has helped to attract large investments in the country currently that includes manufacturing of electronic components, semiconductors and mobile segments and many other sectors where FDI investments are done or in pipeline.
India’s cabinet has approved a $6.37 billion (Rs 637 crore) plan to boost electronics manufacturing. The new measures that come at a time the world is battling the coronavirus epidemic and halting global supply chains is aimed at attracting large investments in the country that includes manufacturing of electronic lightings, semiconductors and mobile segments.

According to the Electronic Industries Association of India (ELCINA), the electronic components market in India has increased from Rs 68,342 crore in 2015-16 to Rs 1,31,832 crore in 2018-19.

India’s aspiration to become a major global hub for electronics manufacturing is twofold. Firstly, boost export led electronic manufacturing strategy at a global scale and make India manufacturing globally competitive. Further, a production-linked incentive introduced by the Government to boost domestic manufacturing and attract large investments in many areas of Electronic & advanced electrical instrumentation.

The move is likely to give an aggressive push to ensure big companies Multinational & transnational to bring their global supply chains to India and make the country an electronics hub. India should now see large scale manufacturing happening in the country, translating into progressive increase in value addition This will also boost the growth of ancillary units, engineering expertise, product engineering and software. Big conglomerates Tesla, Inc., Apple, Samsung , Panasonic , Google ,Amazon are already establishing their base and expanding in India

To promote high-value local manufacturing, India plans to provide a financial incentive of 25% on capital expenditure for some electronic components, semiconductors and display fabrication units. Companies investing in new plants or expanding existing facilities will be eligible for this benefit.

With over a billion wireless connections and just about 480 million smartphones, India offers device-makers huge room for growth and its massive labor force provides companies a cost-effective alternative than neighboring China.

Japan has already declared to financially support its companies to shift or diversify their manufacturing bases from China to India. Toyota-Tsusho and Sumida have recently been assisted by the Japanese Government for the same.

It is evident that there are plenty of opportunities available for India to supersede China in manufacturing and export within a short spam. Moreover, in India MSME are promoted & empowered by Government to take up new projects in new areas to lead India’s Aatmanirbhar Barat and Make in India campaign by manufacturing indigenous electrical components and electronic lightings solutions for domestic use as well as export to bridge India’s trade deficit.

Equitel is also one such established MSME who are in the market for last 27 years dealing in the areas of Transformer product & accessories, Advance Electrical Instrumentations for Power Sectors, Industrial LED Lighting. Equitel is also expanding its horizon in the areas of AI & IOT based Electronic Lightings , Agri Tech , Export Import of commodities from India , Advance Software development from India

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