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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.

"India should invite global talent to come, participate in the India's growth story. These individuals will bring global understanding, competitive ability and scalability potential. India has achieved excellence in improving the productivity of skilled workforce and now, it's time for the nation to replicate this for unskilled workforce. We are living in the era of "fast eating the slow" and speed matters in this rapidly changing global environment," concluded Nicholas Brathwaite.

The 11th edition of IESA Vision Summit has received  participation from the Government of India and witnessed the highest ever participation from State governments, with representation from Karnataka, Kerala, Telangana, Madhya Pradesh, Odisha, Haryana and Uttar Pradesh.

"Last year witnessed India's Electronics System Design & Manufacturing (ESDM) aspirations gaining wide visibility world over, driven by the forecast of $400B local electronics consumption. The aggressive ‘Make in India' push internationally has helped the Indian ESDM ecosystem to elevate its agenda from conviction to action, thereby bringing stronger interest in investment into the nation with a strong focus on domestic manufacturing, indigenous design, innovation, creation of IP assets," said Vinay Shenoy, Chairman, IESA.

The Digital India & Start-up India initiatives gained further momentum, along with efforts to improve skills across the various segments - from PhDs to shop floor workers, all of which are essential for Innovation-Engineering-Manufacturing of Electronics in India," he added.
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