The Electronic System Design and Manufacturing (ESDM) industry in India is undergoing a significant transformation, driven by advancements in technology, supportive government policies, and increasing global demand for electronics. Over the past decade, the industry has evolved from primarily serving domestic needs to becoming a crucial player in the global electronics supply chain. The introduction of initiatives such as the Production Linked Incentive (PLI) Scheme has spurred local manufacturing, attracted substantial foreign investment, and reduced dependency on imports. On the same note, Sagar Gupta, Director, Ekkaa Electronics, recently spoke to Tech Achieve Media to share insights into the prospects for the ESDM industry in India.
TAM: What is your vision for the future of the ESDM industry in India over the next decade?
Sagar Gupta: I envision a transformative decade ahead for the ESDM industry in India. Our vision is centered on fostering a culture of innovation and robust research and development. By investing in cutting-edge technologies and encouraging local talent, we aim to develop advanced electronic systems that meet global standards and drive the industry forward.
Furthermore, we see immense potential in enhancing our global competitiveness. By improving our production capabilities and maintaining high-quality standards, we aim to position India as a global hub for electronics manufacturing. This could be done in various ways like, we hire IT engineers with a diploma degree to increase their capabilities by training them. Besides, the strategic collaborations with the government and leveraging initiatives like the PLI Scheme will provide the necessary support and incentives to drive growth and innovation in the sector. Our vision is one of sustainable growth, technological advancement, and global leadership, making India a powerhouse in the global electronics market.
The future of the ESDM industry hinges on a skilled workforce. At EKKAA Electronics, we are dedicated to collaborating with educational institutions and training centers to equip the next generation with the necessary skills and knowledge. We also hire IT Diploma holders, and fostering a strong talent pipeline, to ensure that India remains at the forefront of technological advancements and innovation.
Sustainability will be a cornerstone of our approach. We are committed to integrating eco-friendly practices and sustainable manufacturing processes, ensuring that our growth is environmentally responsible. By adopting green technologies and reducing our carbon footprint, we can contribute to a healthier planet while maintaining our competitive edge in the global market.
TAM: With the global shift in manufacturing from China to India, what strategies should Indian ESDM companies adopt to capitalize on this trend?
Sagar Gupta: I believe Indian ESDM companies should focus on enhancing their production capabilities and maintaining high-quality standards to capitalize on the global shift in manufacturing from China to India. By investing in advanced manufacturing technologies and automation, we can increase efficiency and reduce production costs, making Indian products more competitive in the global market. Additionally, fostering strong relationships with global supply chains and ensuring timely delivery will be crucial in building trust and reliability with international clients.
Another key strategy is to leverage government initiatives and incentives designed to boost the ESDM sector. Programs like the PLI Scheme provide significant financial support and can help companies scale their operations and invest in research and development. Collaborating with the government to streamline regulatory processes and improve infrastructure will also be essential in creating a conducive environment for growth and attracting foreign investments.
Lastly, focusing on skill development and innovation will be vital for long-term success. By partnering with educational institutions and training centers, we can ensure a steady pipeline of skilled professionals who are well-versed in the latest technologies and industry practices. Encouraging a culture of innovation within the company will drive the development of cutting-edge products and solutions, positioning India as a leader in the global ESDM industry. Through these strategies, Indian ESDM companies can effectively capitalize on the opportunities presented by the global shift in manufacturing.
TAM: How have government schemes such as the Production Linked Incentive PLI Scheme impacted the ESDM industry in India?
Sagar Gupta: The Production Linked Incentive (PLI) Scheme has had a transformative impact on the Electronic System Design and Manufacturing (ESDM) industry in India. By providing financial incentives based on incremental sales, the scheme has significantly boosted domestic manufacturing capabilities. This has attracted substantial investments from both local and international companies, leading to the establishment of new manufacturing units and the expansion of existing ones. As a result, the ESDM sector has seen a marked increase in production capacity and technological advancements.
Moreover, the PLI Scheme has played a crucial role in reducing India’s reliance on imports for electronic components and finished products. By encouraging local manufacturing, the scheme has helped build a more self-reliant and resilient supply chain. This shift not only enhances the country’s economic stability but also positions India as a competitive player in the global electronics market. The increased production has also led to a surge in exports, further strengthening India’s presence in international markets.
In addition to economic benefits, the PLI Scheme has had a positive impact on employment and skill development within the ESDM industry. The growth in manufacturing activities has created numerous job opportunities, fostering a skilled workforce equipped with the latest technological expertise. This focus on human capital development ensures that India remains at the forefront of innovation and continues to attract high-value investments. Overall, the PLI Scheme has been instrumental in driving the growth and modernization of the ESDM industry in India, paving the way for a prosperous future.
TAM: What are the key factors that have driven Ekkaa Electronics’ success in the ESDM market?
Sagar Gupta: Ekkaa Electronics’ success in the ESDM market can be attributed to our unwavering commitment to innovation and supreme quality. By continuously investing in research and development, we have been able to stay ahead of technological trends and deliver cutting-edge products that meet the evolving needs of our customers. Our focus on maintaining high-quality standards has earned us a reputation for reliability and excellence, which has been crucial in building long-term relationships with clients and partners.
Another key factor driving our success is our strategic approach to market expansion and customer engagement. We are always focused to scale our operations and enhance our production capabilities. Additionally, our customer-centric approach ensures that we understand and address the specific requirements of different market segments, allowing us to offer tailored solutions that provide maximum value.
Lastly, our emphasis on skill development and fostering a culture of continuous improvement has been instrumental in our growth. All these efforts combined, Ekkaa Electronics has established itself as a leader in the industry, poised for continued growth and success.
TAM: How does Ekkaa Electronics plan to maintain its competitive edge and continue innovating in the rapidly evolving electronics market?
Sagar Gupta: We plan to maintain our competitive edge by continuously investing in research and development, and to stay ahead of technological trends. By focusing on innovation, we aim to develop cutting-edge products that meet the evolving needs of our customers. Additionally, we are dedicated to enhancing our production capabilities and maintaining high-quality standards. By leveraging advanced manufacturing technologies and automation, we can increase efficiency and reduce production costs, making our products more competitive globally. Our strategic approach to market expansion and customer engagement ensures that we understand and address the specific requirements of different market segments, allowing us to offer tailored solutions that provide maximum value. As long as we are committed to innovation and customer satisfaction, we are confident to keep our head held high, regardless of swiftly evolving market trends.
