Indian Electronics hardware to be $ 62 billion by 2010

DQW Bureau
New Update


The Indian hardware industry can attain a turnover of $ 62 billion by 2010,

twelve times its existing size, with the domestic market accounting for $ 37

billion, with exports accounting for another $ 25 billion. The major export

opportunities are in the area of innovative new products, contract manufacturing

(OEM and ODM) and design services. Export of components offers an opportunity of

$ 5 billion while that of designs and related services in embedded systems and

wireless telecommunication systems of $ 7 billion by 2010.

This data was released in the study titled "India: The Hardware

Opportunity". Pramod Mahajan, Union Minister of Parliamentary Affairs,

Communications and Information Technology, Government of India released the

study. The study has been conducted by M/s. Ernst & Young under the aegis of

MAIT, the apex body representing the hardware, training and services sectors of

the IT industry in India. The Ministry of Communications and Information

Technology has sponsored this study.

The MAIT-E&Y study focuses on the electronics hardware industry with the

objective of reviewing the current state of the industry, identifying the issues

relevant to its growth, opportunities available and initiatives that need to be

taken by the industry and the Government to realize these opportunities. It

covers the entire gamut of the hardware industry and spans the relevant issues

of the telecom, consumer electronics, industrial electronics and the IT hardware