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    Moving From Assembly To Manufacturing Base

    Jan 21, 2021 5 minutes
    MANISH SHARMA President & CEO, Panasonic India, and Chairperson, FICCI Electronics & White Goods Manufacturing Committee
    ILLUSTRATION BY RAJ VERMA

    what is the one thing that’s critical to drive the Atma Nirbhar Bharat agenda for the electronics industry, component manufacturing ecosystem will sit right on top. To drive the key tenets of Atma Nirbhar Bharat, from the Appliances, Consumer Electronics (ACE) or the electronics industry’s perspective, component manufacturing becomes the bedrock of the ecosystem. The market size of India’s ACE industry was ₹76,400 crore ($10.93 billion) in 2019. It is expected to double to reach ₹1.48 lakh crore ($21.18 billion) by 2025. Component manufacturing not only gives the necessary impetus to the industry, but also provides a major boost to the economy at large. Reduced dependencies on import lead to greater demand

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