A combination of push and pull factors like minimum professional charges, low manufacturing costs together with huge population and vast geographical area can work in favour of India and help it become global hub for electrical and electronics manufacturing sector, Union Minister for Electronics and Information Technology P P Chaudhary said at an ASSOCHAM event in New Delhi.
Chaudhary inaugurating an ASSOCHAM conference on electricals and electronics manufacturing informed that two push and pull factors are working in favour of India and the complete ecosystem has been generated, the pull factor is looking at the 1.25 billion population and the vast area as such every company intends to invest in this country.
He further mentioned that the push factor is that all across the globe, while per hour professional and engineering charges come to more than $3.5, in India it is less than even $1.
Considering that demand for electronic hardware in India is projected to increase from $45 billion in 2009 to $400 billion by 2020 it represents huge opportunity for making investments and attaining huge growth in electronics manufacturing sector.
Ministry of Electronics and IT has initiated various schemes like MSIPS, EMCs, ITIR, EDF and others to attract global companies to set up their manufacturing base in India.
Highlighting that availability of skilled manpower is another pre-requisite for developing robust manufacturing ecosystem in the country, Chaudhary said that the under the Digital India programme, the Ministry has initiated a scheme for skill development in ESDM sector which shall cover all the state and UTs of the country in order to facilitate creation of an ecosystem for development of ESDM.
The Minister further said that the government is ensuring time-bound and mission mode implementation of various programmes and initiatives like – Digital India, Make in India, Swachh Bharat, Start-Up India, Stand-Up India, Jan-Dhan Yojana and others at an unprecedented scale and speed.
By Baishakhi Dutta
