ELCINA announces "12th SOURCE INDIA Summit" to create a robust buyer-seller roadmap for the manufacturing enterprises
The Summit aims to impart importance and address
challenges of the Indian Electronic and Semiconductor industry by empowering
ESDM players and manufacturing enterprises for multi-fold growth on the
remarkable stakeholder engagement front. The two days summit will discuss and
deliberate upon the fast-changing aspects and challenges of the electronic
industry and major industry stakeholders. The industry experts' insights will
help enterprises revitalize and boost their business transformation journey. The
event serves as a conference, mini-exhibition and platform for B2B buyer-seller
meet.
On the event occasion, Mr Sanjay Agarwal, President,
ELCINA & MD, Globe Capacitors Pvt. Ltd., Faridabad, said “India needs to
strengthen its electronics eco-system and reduce our current excessive
dependence on imports. SOURCE INDIA is ELCINA’s annual event for promoting
sourcing and investments in the domestic electronics value chain. It focuses on
strengthening local sourcing, value addition, and knowledge sharing while
facilitating interaction for business development. It bridges the Demand-Supply
gaps across the electronics industry value chain through one-on-one meetings
between OEMs, ODMs, and EMS companies with manufacturers of components, parts,
consumables, etc. It also opens a gateway to India by inviting global
manufacturers & investors interested in the Indian market to enable JVs and
partnerships. The Tamil Nadu Government has taken a number of steps to
accelerate the growth of the electronic hardware manufacturing industry. These
initiatives aim to increase Tamil Nadu’s electronics industry output to USD 100
billion by 2025, to contribute 25% of India’s total electronic exports to the
world by 2025, and to attract at least two major FAB investments to Tamil Nadu
in the next three years. ELCINA appreciates these initiatives and would like to
support the same through SOURCE INDIA”.
Thiru S Krishnan, IAS, Additional Chief Secretary
(Industries)- Government of Tamil Nadu said, “The Electronics System Design and
Manufacturing (ESDM industry) is a key driver of the Indian economy. SOURCE
INDIA is one of the key events which addresses the requirements of the ESDM
industry. I am happy that ELCINA has been organizing this event in Chennai
since 2009 and the Government of Tamil Nadu has been supporting this event
since its inception. With global companies leveraging the well-developed
manufacturing system, Tamil Nadu has emerged as one of the major electronics
hardware manufacturing and exporting states in the country and marching towards
the US$ 100 Bn ESDM Sector. Tamil Nadu has increased the level of value
addition that is done in the state and provides an excellent opportunity for
investors to set up their manufacturing facilities here. We look forward to
this industry gathering at SOURCE INDIA 2023.”
“The Indian Electronics System Design and Manufacturing
(ESDM) industry offers a unique investment opportunity. With huge domestic
demand, an accelerated pace of economic reforms, breakthroughs in energy
transition, and rapid digital transformation, the long-term growth trajectory
is clearly positive. The ESDM sector demonstrates immense potential and is
positioned to make a truly transformative impact on the world stage. Hence,
industry events like SOURCE INDIA are essential for taking the Indian ESDM
industry to the global stage of leadership. Wishing all the success for SOURCE
INDIA 2023.” —Thiru Hans Raj Verma,
IAS, CMD, Tamil Nadu Industrial Investment Corporation Limited. (TIIC)
India has a large domestic market, expertise, and
export potential to become a significant manufacturing hub. Today, India stands
at the cusp of a great opportunity to ignite the global electronic industry and
prove its actual potential to the world by creating a robust business
ecosystem, bringing global value chain investors in India, and becoming the
leading exporter of electronics and semiconductors in the world. Introducing
incentive schemes like PLI, SPECS and EMC will bring resurgence in the
manufacturing environment and create a competitive global ecosystem for India
to capture the global market share. Low PC penetration may not justify this
strategy for the electronics sector.
Some notable speakers at the Summit will be Thiru
Hans Raj Verma, IAS, MD TIIC, Mr Arun Roy, IAS, Secretary, MSME, Ms Jayashree
Muralidharan, IAS, Managing Director, TIDCO, Ms Pooja Kulkarni, IAS, Special
Secretary Industries, Tamil Nadu, Ms Sigy Thomas, IAS, MD, FaMe, Ms Grace
Pachua, IAS, ED FaMe and Mr Vishnu Venugopalan, IAS, MD Guidance.
Source India 12th Summit aims to provide a platform
for domestic manufacturers of raw materials, components and assemblies and
showcase the country's capabilities to Buyers within and globally. Also, to
create awareness and promote various Govt Schemes to boost investment in the
ESDM Sector. Provide a comprehensive information source consolidated in one
place, including details of all companies in India which are manufacturing
components, parts, raw materials and providing EMS/PCBA services to ESDM
Sector. It will also include details of key global and domestic distributors of
components in a separate vertical.
Tamil Nadu is one of the leading states in India for the electronics industry, and the state government has been proactive in promoting the growth of the industry. The state's Industry 4.0 policy for electronics aims to drive the growth of the industry andmake Tamil Nadu a hub for advanced electronics manufacturing.The policy focuses on several key areas, including: Skilling and upgrading the workforce, Encouraging research and development, Fostering entrepreneurship, Promoting investment and Building infrastructure. Overall, the Industry 4.0 policy for electronics in Tamil Nadu aims to drive the growth of the electronics industry, create jobs, and make the state a hub for advanced electronics.
Comments
Post a Comment