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India has the second largest population with 1.2 billion people but it is also the youngest, making it a perfect destination to become the next global superpower.
Government of India (GoI) has launched the National Policy on Electronics 2012 (NPE 12) with the vision to make India a globally competitive destination for Electronics System Design and Manufacturing (ESDM). Besides, India has large young talent, low wage costs and Government of India.
The National Telecom Policy 2012 (NTP, 2012) works in conjunction with NPE, 2012 and provides for creating a design and manufacturing ecosystem for telecom equipment.
The Information Technology Agreement (ITA) is a plurilateral trade agreement that requires participants to eliminate their tariffs on a specific list of information technology (IT) and telecommunications products. The agreement covers approximately 97 percent of world trade in defined IT products.
For encouraging exports of electronic hardware items including hard disk drives, computers, television, etc., such parks have been developed by the Ministry of Communications & Information Technology.
Conclusion
Outside China, India is the most potent market as far as high local demand and manufacture are concerned. If conducive environment is provided along with the Make in India initiative, more and more large manufacturers will be interested to shift base to India
By: ABHISHEK KUMAR GARG ProfileResourcesReport error
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