2014 should be year of “Made in India”: Deity

NEW DELHI, INDIA: The India Electronic and Semiconductor Association (IESA) recently announced that ESDM sector will reach $94 billion by 2015.

In a report by IESA-Frost & Sullivan, there are 25 high priority products, which will robust the growth of ESDM sector in 2014. These 25 products account for 82 percent of the overall electronic consumption in India. The prominent products segments are mobiles, tablets, notebooks, desktops, and LEDs.

Dr. Ajay Kumar, Joint Secretary, Deity, said: "There are 25 new investment proposals of approximately Rs 13,000 crore each. There are several semiconductor wafer fab investment proposal of about Rs 25,000 crore each. The seven proposals for new cluster has been approved."

J. SatyaNarayan, secretary, Diety, added: "There is a need for an hour, an hour for prioritization of efforts of governments. The value proposition will be clear to the industry in 2014. He emphasis, that year 2014 should be the declared as, ‘The Year of Made in India" if not with industry, then internally."

The veteran government officials and industry also suggested changes, which the year 2014 should witness in order to achieve this tremendous growth. Indiia needs to enhance the percentage of IP for each one of these 25 products. The image of India will be change from an importer to a product manufacturing hub in 2014.