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ESDM Industry to be US$400 bln by 2020

By Niranjan Mudholkar,

Added 04 February 2016

50 mobile manufacturing units setup in the last 10 months; 20,000 jobs have been created.

iesa-vision-summit-2016

India Electronics and Semiconductor Association (IESA) commenced the IESA Vision Summit 2016, its annual industry leadership conclave, with a commitment to evolve the ESDM industry into a $400B ‘Make in India’ opportunity.

During his speech, Dr. Ajay Kumar, Additional Secretary, DeitY. Govt of India said, “It is the easiest time in Indian history to start and grow a company in India and the government is keen on involving tech and ESDM sector in order to spur the ecosystem.

Digital India will provide more impetus to the Electronics sector in India. Between December 2014 and December 2015, India added 100 mn internet users, more than any other country in the world.  India achieved its first 100 million internet users in 15 years. There were 159 ESDM production units established in India last year and the technology sector is expected to be $1 Tn opportunity in India in the next 5-7 years - $400 Bn of hardware, $350 Bn of Software and $250 Bn of Telecom and IoT.  The tech sector could potentially contribute 25% of India’s GDP.”

“There is a huge opportunity for innovation with Local languages. We cannot scale any technology products and solutions if the devices and services are not talking to 1.25 Bn people in their local languages. Govt. has released a draft policy for supporting local languages and making machine-translation into local languages a reality in India,” he added.

(Continued on the next page)

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