Telit Wireless rules out manufacturing in India

- Advertisement -

Maker of inbuilt chip modules used for machine to machine communication devices, Telit Wireless Solutions has ruled out any plans for setting up manufacturing facility in India till India adopts the manufacturing policy.

The London stock exchange listed company expects to gain a market share of 40 per cent in India in the next four years but also said that it would source its modules from China where it has a manufacturing base. The government has yet to formally approve the manufacturing policy, which is still in its draft stages.

Telit expects to grab a share of 40 per cent in India riding on the increase in use of Unique Identity (UID) platform appliances used by micro finance institutions and reforms in electricity metering in India. Ashish Gulati, country manager, Telit, India said, “China has a strong manufacturing policy. We have manufacturing bases in Brazil, Israel, France as well as in China. For Indian market, we will source it from China. Manufacturing policy is still under discussion in India”.

- Advertisement -

Telit has two distributors for India and these distributors have warehousing facility in Singapore. Gulati, said, “We ship our products to Singapore where the Indian distributors have warehousing facilities. They in turn get it to India”.

The modules are used as raw materials by manufacturers of hand held devices, which are used for machine to machine communications. He added, “China is still competitive as far as manufacturing is concerned. The China base caters to the whole Asia Pacific region”.

Telit has a market share of 20 per cent in China and 70 per cent in South Korea. The company started its India operations last year and has set up an office recently in Bangalore. It plans to set up another marketing and technical support office in Bangalore by the year-end.

When asked about the impact of rupee depreciation on its manufacturing customers in India, he said, “They might be getting impacted, but it is small”. He said, the cost of modules has come down over a period of time and that is offsetting rupee depreciation impact. He added, “The initial cost of setting up the manufacturing base was large”. But over a period of time, the cost has come down due to scale economy and amortisation, said Gulati.

The current market size of India for machine to machine communication is expected to be very large as shops and establishments migrate to electronic transactions.Gulati said, “In the next four years it will grow 500 per cent”.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Digital India Conference of State IT Ministers Concludes

0
The officials discussed startups, emerging technologies, skilling, digital governance, and the semiconductor ecosystem The 3-day long Digital India Conference of State IT Ministers, which began...

Silicon Labs Joins IIITH To Launch Wi-SUN Network

0
IIIT Hyderabad Smart City Living Lab partners with the company to enable research for smart cities applications IITH Smart City Living Lab and Silicon Labs...

IMC 22: IT Minister Launches Multi Access IoT Device

0
The Made In India MAID showcased Indian technical competencies harmonised to global standards, said the company At the India Mobile Congress 2022 in Delhi, the...

Exclusive

Digital India Conference of State IT Ministers Concludes

0
The officials discussed startups, emerging technologies, skilling, digital governance, and the semiconductor ecosystem The 3-day long Digital India Conference of State IT Ministers, which began...

Silicon Labs Joins IIITH To Launch Wi-SUN Network

0
IIIT Hyderabad Smart City Living Lab partners with the company to enable research for smart cities applications IITH Smart City Living Lab and Silicon Labs...

IMC 22: IT Minister Launches Multi Access IoT Device

0
The Made In India MAID showcased Indian technical competencies harmonised to global standards, said the company At the India Mobile Congress 2022 in Delhi, the...

Important Sectors

Digital India Conference of State IT Ministers Concludes

0
The officials discussed startups, emerging technologies, skilling, digital governance, and the semiconductor ecosystem The 3-day long Digital India Conference of State IT Ministers, which began...

Silicon Labs Joins IIITH To Launch Wi-SUN Network

0
IIIT Hyderabad Smart City Living Lab partners with the company to enable research for smart cities applications IITH Smart City Living Lab and Silicon Labs...

IMC 22: IT Minister Launches Multi Access IoT Device

0
The Made In India MAID showcased Indian technical competencies harmonised to global standards, said the company At the India Mobile Congress 2022 in Delhi, the...

Tata’s Act For Biodiversity Conclave Brings Green Hope

0
The conclave witnessed the presence of Mr Jamshyd Godrej, Ms Anjali Bansal, Mr Ricky Kej and Mr Kavinder Singh among others Tata Power, India's leading...

MediaTek & Invendis Join Forces For ‘Made in India’ 5G Routers And Wi-Fi

0
In-line with 'Vocal for Local', Silbo Routers are completely indigenous, says Invendis IoT and Cloud Computing solutions provider Invendis and semiconductor company MediaTek recently announced...

Manufacturing

Electronics Major Molex Expands In Hanoi

0
The fully integrated connector manufacturing facility in Vietnam will be laced with advanced tech and capabilities, said the company Global electronics and connectivity major Molex...

MediaTek & Invendis Join Forces For ‘Made in India’ 5G Routers And Wi-Fi

0
In-line with 'Vocal for Local', Silbo Routers are completely indigenous, says Invendis IoT and Cloud Computing solutions provider Invendis and semiconductor company MediaTek recently announced...

PLI Scheme Can Help States Become Destinations For Electronics Manufacturing: MoS

0
The manufacturing plant has been set up under the Production Linked Incentive (PLI) scheme At the recent opening ceremony of Pegatron mobile manufacturing facility, the...

Moxion Power Raises $100 Million; Plans To Scale Clean Energy Manufacturing

0
The company aims to meet the increasing demand for its mobile energy storage product lineup In its Series B funding round, the US-based Renewable Energy...

Wind Power Brings Continuum And GE Renewable Energy Together

0
Commercial and industrial establishments will receive the wind power produced in the respective states As per a recent announcement, GE Renewable Energy is set to...