India’s electronics industry heats up
By Jim Carbone -- Purchasing, 8/9/2007 12:33:00 PM
Electronic equipment production in India will grow 18% per year to $32 billion in 2011 from $14 billion in 2006, according to researcher Gartner Inc.
In addition, semiconductor consumption in India will more than double from $2.8 billion in 2006 to $7.2 billion in 2011. The growth in electronic equipment production is being bolstered by the rapidly growing demand for electronics equipment including communications electronics, computers, consumer electronics, industrial electronics, automotive systems and military/civil aerospace electronics.
Global electronic equipment manufacturers are finding India to be an attractive electronics manufacturing locations because of low labor costs, a large talent pool and recent government policies that provide fiscal incentives for local high-tech manufacturing, according to Gartner.
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