As the Government plans to make India a $400 Billion market by 2025 for electronics manufacturing, the sector seems to have received the necessary push in present times with strong investment and public policy support.
While the market potential had been realized quite a while ago, it has since been formalized with a National Policy on Electronics (NPE) 2019 to provide a strong policy mandate and boosting the native electronic components manufacturing in India. This makes India a formidable candidate among the growing economies of the world with a strong foundation in manufacturing.
With an ever-increasing demand of new technologies, India harbors a variable consumer demographic, and a highly competitive yet lucrative market for new entrants. While the aim is to promote native manufacturing, foreign interest and imports have further provided a boost to the sector.
The following statistics highlight the opportunity in the electronics sector in India:
Providing an insight into the sector as well as a summary of existing opportunities, the following documents are a good starting point for international companies looking to do business in India.
Indian Medical Electronics Sector Overview
Owed to a high population density which has led to a significantly high demand of a robust public healthcare infrastructure, it is important that the industry’s technical components are given their due focus. The medical equipment manufacturing sector is one such key component, which requires focus to ensure that a robust manufacturing ecosystem is developed and the need to depend on external help is reduced. Explore the market overview, sector performance, challenges, and potential opportunities which exist within the medical equipment manufacturing sector in India, which seems to be on the rise bolstered by an evolving policy framework and the agenda to make the country a manufacturing hub.
Stay updated with our insights and expert opinions on significant aspects of doing business in this sector as well as key policies issued by the governing authorities that impact the sector