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Strategic Importance of ESDM Sector
A
Communications and Brand Building Campaign for promotion of ESDM sector in
India has been launched with the objective to build “Made in India” as leading
global brand in ESDM and increasing awareness regarding initiatives taken by
Government to promote investments
The electronics industry emerged in the 20th century and has quickly become a global industry worth of millions
of dollars with products ranging from simple consumer products to highly
complicated aerospace ones. Over the years electronics has become a meta-resource,
the building blocks of modern technology and is redefining how the world
operates every day. India also has been a part of this great transformation,
where electronics today has become a way of life.
The demand for electronics hardware in the country is projected to
increase from USD 45 billion in 2009 to USD 400 billion by 020 (Source: Task Force Report). This provides
a huge opportunity for India to become an Electronics System Design and
Manufacturing (ESDM) hub to meet the domestic as well as the global
requirements. Most of India’s domestic demand is presently being met through imports.
This has serious economic and strategic implications
for the country. Every country is unique. India’s uniqueness is about diversity
but at the same time, masses have similar kind of
expectations from consumer products, more so from consumer durables,
particularly electronic products. Under such a dynamic environment ESDM is set to
be the area of interest for India in the years to come.
Importance of the
ESDM Sector in the Indian Context
