Investment in the electronics manufacturing sector has not yet achieved its potential, though the current demand in the sector is valued at USD100 billion, according to Telecom Regulatory Authority of India (TRAI) Chairman RS Sharma.
Inaugurating a two-day ‘Deftronics 2015’ even in New Delhi on Wednesday, former DeitY Secretary Sharma said that India has to do a lot in this sector. “And with the present pro-active Government, we will be able to do it.”
India’s electronics manufacturing sector is poised for a leap in the coming years, with the investment worth over USD400 billion likely to flow into the sector.
The event is being organised by the India Electronics and Semiconductors Association (IESA) with a focus on building global partnerships for ‘Make in India’ in Aerospace, Defence and Internal Security sectors.
Attending the meet, DIPP Joint Secretary Shubhra Singh said, “Defence is an industry where the Government is the primary spender and it sets the rules. Of the entire demand, only about 30 per cent is met by India indigenously and that too by the Public sector.”
In addition, she said, “Defence sector is dependent on its PSUs. The only way to rewrite this imbalance is to bring in the private sector. To promote this, we need to create domestic base first.”
In the last one year, the defence sector has opened up systematically, raising FDI from 26 per cent to 49 per cent and this can go even more on a case-to-case basis.
Experts attending the first day of the meet highlighted the positive changes that have taken place in terms of policy and the steps taken by the incumbent Government at the Centre to provide a level playing field to the private players, along with the public sector majors.