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How electronics sector can be the next big thing for India MSMEs

Before embarking on anything, it’s always a good idea to look at the opportunities and the problems. Manufacturing in India is a tale of contrasts. We are a population of 1.3 billion, and our tech talent is known across the world. Seventy percent of the 50 most innovative global companies have a research and development centre in India. As per the Gartner Digital Workplace Survey India is the most digitally dexterous country in the world, followed by the UK and the US, due to having the largest  ..

We need to start indigenizing fast to achieve Atmanirbharta in electronics. India has a target of $400 billion electronic production by 2025, as per the National Policy on Electronics (NPE) 2019. For the growth of sustainable economics, we need to gradually move from just manufacturing electronics goods for global brands to creating Indian Designed products and Indian Brands.

The pandemic forced companies to rework plans and made us a start-up nation. We are now the third largest start-up nation in the world followed by the US and China. Almost all companies pivoted towards digital, to scale up and succeed. In contactless times, it was the only way to maintain contact, for work or for social engagements. This digital technology intensity is now seeping into all important sectors of economy and electronics holds huge potential for the MSME sector.