India’s Electronic Manufacturing Services Market Set to Reach $72.2 Billion by FY27, Driven by Government Initiatives
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Hrishikesh
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August 28, 2024
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India, News
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Amber Enterprises, Apple, Component Manufacturing, Dixon Technologies, Electronic Manufacturing Services, Electronics Production, EMS Market, Foxconn, FY27, Global Value Chains, Government Initiatives, Growth, GVC, india, Industrial Infrastructure, investment, market leadership, NITI Aayog, Pegatron, PLI, Production Linked Incentive, samsung, Semicon India, Technology Transfer
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India’s electronic manufacturing services (EMS) market is on a robust growth trajectory, expected to surge from $17.5 billion in FY22 to $72.2 billion by FY27, reflecting a compound annual growth rate (CAGR) of 32%, according to a recent report by Motilal Oswal Financial Services. This remarkable expansion is fueled by a series of government initiatives aimed at boosting the domestic …
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India Must Aim for $500 Billion Electronics Manufacturing Boom by 2030: NITI Aayog’s Bold Vision!
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Hrishikesh
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July 22, 2024
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India, News
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$500 Billion Target, 2030 Vision, Digital India, Domestic Manufacturing, Electronics Exports, Electronics Manufacturing, Employment Generation, Foreign Investments, Global Value Chains, GVCs, india, Indian Economy, infrastructure development, make in india, Mobile Phone Manufacturing, NITI Aayog, Research Incentives, Semiconductor Industry, Skilling Initiatives, Tariff Rationalisation, Technology Transfers
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India should aim for $500 billion in domestic electronics manufacturing by 2030, the NITI Aayog has said in a report recommending specific policy measures like tariff rationalisation and skilling. Growth in electronics manufacturing would create employment for about 6 million people, said the central government’s think tank on Thursday. “Global Value Chains (GVCs) are critical in modern manufacturing, involving international …
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