Bangalore, October 24th, 2013:TE Connectivity, a world leader in connectivity, in association with the Institute of Electrical and Electronic Engineers (IEEE) Bangaloresection, hosted an electronics engineering industry summit recently in the city. The summit was targeted at electronics professionals, entrepreneurs, design engineers, engineering students and the IEEE member community. As part of the summit, TE Connectivity launched its thought leadership report titled: “Electronics Manufacturing- thePursuit of Greater Localisation.”
The report, apart from other findings, outlines some of the important objectives of the National Policy of Electronics (NPE) which is to transform the Indian electronics manufacturing sector into a US$ 400 billion industry by 2020 and generate employment for 28 million Indians. The NPE, with its tax incentives and SOPs, aims to accelerate the industry growth rate from 16 percent per annum to 28.6 percent between now and 2020 and decrease the import ratio to 25 percent from around 45 percent.
The report was launched in the presence of Mr. Sanjay Nayak, Co-founder and CEO,Tejas Networks;Prof. K Subramanian, Director and Professor, Advanced Center of Informatics & Innovative Learning (ACIIL); Mr. Sanjay Handu, Director, Aerospace, Defense& Marine (AD&M), TE Connectivity India; Mr. KK Shetty, Director, Network Solutions, TE Connectivity India;and M. Sudeendra Koushik, Chairman, IEEE Consumer Electronics Section, Bangalore.
Speaking on the occasion, Mr. Sanjay Handu, Director, AD&M, TE Connectivity India said, “Domestic demand for electronics is growing year-on-year at over 20 percent.Given the high potential for growth in various segments like consumer electronics, defense, automotive, telecommunications, data communication, industrial automation, and infrastructure, etc. India has the potential to become a preferred destination for engineers to design and innovate. Localisation across the value chain – design, source, manufacture, test – will not only help bridge the demand-supply gap, but will also create jobs at all levels. It will helpour country attain the much needed self-reliance in strategic electronics.”
Mr.Sudeendra Koushik Chairman, IEEE Consumer Electronics Section, delivering a speech on innovation said, “Today’s engineers needto be encouraged to be different, with a good balance of knowledge and imagination. India has a huge potential to nurture innovation and Bangalore alone can boast of around 400 design centres, both domestic & global.”
The report offers information regarding the current state of electronics manufacturing and the future outlook. It highlights the enabling and disabling factors for India to produce locally, to meet the domestic demand. It also emphasizes issues, challenges and success stories in key industry sectors and includes future direction, recommendations and calls to action for driving growth through increased localization. The report is available at www.te.com/india
