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While the market potential had been realized quite a while ago, it has since been formalized with a National Policy on Electronics (NPE) 2019 to provide a strong policy mandate and boosting the native electronic components manufacturing in India. This makes India a formidable candidate among the growing economies of the world with a strong foundation in manufacturing. 

THE OPPORTUNTIY

With an ever-increasing demand of new technologies, India harbors a variable consumer demographic, and a highly competitive yet lucrative market for new entrants. While the aim is to promote native manufacturing, foreign interest and imports have further provided a boost to the sector.

The following statistics highlight the opportunity in the electronics sector in India:

$8.39 billion

Market size of the electronic components industry

15%

Year-on-year growth rate of the sector

2nd

Largest smartphone market in the world

Providing an insight into the sector as well as a summary of existing opportunities, the following documents are a good starting point for international companies looking to do business in India.

INSIGHTS

Stay updated with our insights and expert opinions on significant aspects of doing business in this sector as well as key policies issued by the governing authorities that impact the sector

Corporate Tax Rates Slashed, Benefits To The Manufacturing Sector: Key Takeaways From The Finance Minister’s Address

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Sustainable Manufacturing And Remanufacturing In India: Are We Ready For The Change?

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German Investment In India And Market Entry: Business Opportunities In MSMEs, Industry 4.0 And Tech Services

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