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Why is the $20 billion EMS industry in the limelight? Kaynes Technology, Cyient DLM could give 25% return in 1 year
The Indian EMS industry has been at a nascent stage at only 0.6% of GDP in FY22. However, it is likely to catapult to a massive INR6t by FY27, replicating the success stories of other key sectors such as IT, specialty chemical, auto ancillary, and textile.