We Have Been Constantly Trying to Convince Component Makers to Manufacture More Products in India
We Have Been Constantly Trying to Convince Component Makers to Manufacture More Products in India
Nijhum Rudra
Wed, 01/03/2024 - 13:21
India’s Electronics System Design & Manufacturing (ESDM) is growing at a rapid scale, which is expected to grow at a CAGR of 32.5 percent from FY22 to FY27 as opposed to 22.2 percent CAGR recorded from FY17 to FY22, as per a report by Niveshaay, a SEBI based research body. But amid these huge growth potentials, there are a couple of grave challenges such as high costs of electronic components, inadequate supply chain, unskilled labor, and high costs of power.
[original story: Circuit Digest]