INDIAN ELECTRONIC INDUSTRY AT A GLANCE IN 2012 - 2013 It is estimated that the defense electronics purchases will be about Rs 600,000 crore in the next ten years. This offers an immense growth opportunity for domestic electronics manufacturers. While the Navy and IAF are likely to contribute about 15 per cent each, bulk of the demand (about 70 per cent) will come from the Army.
2012 was an interesting year, with both exciting and worrying events for the Electronics Industry in India. While on the one hand the global economic climate was volatile and caused some slowdown in the country's economic growth, on the other the National Policy on Electronics promised far-reaching consequences for the Indian Electronics industry.
If immediate steps are not taken to address this gap, it is forecasted that by 2020, electronics imports may far exceed oil imports. Diverse areas such as manufacturing, R&D, IP creation, manpower and training, standards, e-waste management, investments, and the setting up of a National Electronics Mission are the immediate requirements for a growth in the Indian Electronics scenario.
