On domestic front too there is a huge opportunity. Below are the extracts of a conf call from domestic Electronic System Manufacturer.
“See, India as a country currently a negligible electronic component base. So the
electronic component by and large have to be imported. So what we believe and what
we are witnessing is that once the electronic manufacturing industry in the country
grows as it is growing currently. It will attract investment in assembly and some of
manufacturing of electronic components and I’m not referring to the semiconductor
policy, which is the big policy of the government of India to have the Fab Lab. I’m
talking of the normal components, the passive components like pastors, resistors.
Currently India didn’t have a demand which justifies the setting of a component base.
Now with the growth in the electronic manufacturing which we are witnessing, it is
but natural that the component manufacturing base would come in. As an analogy I
would say, when Maruti came in, there was hardly any automotive component based
in India, but Maruti or Suzuki at that point of time revolutionize the whole state and
today India has a very, very strong automotive component base compared to the best
in the world.
We believe that going forward, so it’s not a short-term sort of a low fruit hanging, it’s
a long harvest. Going forward, the component base would naturally come up in India,
once the electronic manufacturing goes up.”
Thats next phase. The exponential phase would be seen once semiconductor fabs start operation.
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