Display manufacturing needs special attention, says ICEA financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Display Manufacturing: India Cellular and Electronics Association (ICEA), whose members include Apple, Foxconn, Dixon, Lava, Vivo, etc, said despite being the world's third-largest consumer of display products (accounting for 7 per cent of global revenue), the nation has an insignificant domestic production.
India, at present, relies heavily on China for its display needs, as there is currently no domestic display manufacturing industry established within the country
India is set for a significant leap in local manufacturing of displays which presents a golden opportunity for global companies seeking to diversify their display supply chains beyond certain geographies, industry leaders said on Tuesday.The ...
Electronics Components: It added that the component ecosystem would take at least 2-3 years to start commercial production. Once it takes off, domestic manufacturing of components should be able to cater to 5-10% of global demand in 6-7 years, ICEA said, adding international firms should be invited to get a major share in the domestic and global component manufacturing market.
Electronics Companies: It added that the component ecosystem would take at least 2-3 years to start commercial production. Once it takes off, domestic manufacturing of components should be able to cater to 5-10% of global demand in 6-7 years, ICEA said, adding international firms should be invited to get a major share in the domestic and global component manufacturing market.
"The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032," the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said.
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