Indian Electronics hardware to be $ 62 billion by 2010

DQW Bureau
02 Feb 2002

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

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