Electronic contract manufacturing in India to grow over 6-fold to $152 bn by 2025

The electronic contract manufacturing sector in the country is projected to grow by over six-fold to USD 152 billion by 2025, industry body Elcina said on Wednesday. Globally, the electronic manufacturing services (EMS) sector was valued at USD 832 billion in 2019 and is estimated to grow to USD 1,055 billion by 2025.

“Elcina predicts that the Indian EMS industry will gallop from USD 23.5 Bn in 2019-20 to USD 152 Bn by 2025. This effectively means that it has the potential to grow from less than 3 per cent of the global industry to about 14 per cent within 5 years,” the Electronic Industries Association Of India (Elcina) said in a statement.

Electronics and IT Secretary Ajay Prakash Sawhney, while releasing the ‘EMS Task Force Report’ by Elcina, emphasised on the need to manufacture printed circuit board (PCB) assemblies within the country and reduce import dependence.