US to invest in India’s electronic sector

0
841

“Opportunities in India in the electronics system design and manufacturing (ESDM) sector is huge…the ESDM industry in India is poised to ride the rising domestic demand for electronic products,” Minister of State for Communications and Information Technology Sachin Pilot said.

Pilot, who was in America to visit several semiconductor fabrication plants, said that American firms were aware of the potential of the Indian ESDM sector and soon some of them may set up their units in India, reports Deccan Herald.

The recently announced draft policy for electronics and information technology sectors projects that the demand for electronics in India would grow from the current US$ 50 billion to US$ 400 billion by 2020.

Pilot said the Centre developed a roadmap to leverage India’s competencies in software development.

“The projected demand of electronic equipment is expected to generate demand of US$ 80-100 billion for the semiconductors alone by 2020. One of the key initiatives being taken is to set up semiconductor fabrication facilities in the country,” he said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here