Making India Electronics Hub

Manufacturers Association of Information Technology (MAIT) has come out with a report which states that Indian electronics hardware ecosystem suffers an export related disability of up to 18 per cent with respect to China, Vietnam, Taiwan and other South-East Asian countries. The disabilities, however, vary from country to country and from product to product. This implies that electronic hardware products made in India are at a competitive disadvantage on account of export incentives offered by competing economies, the absence of component ecosystem and tariff structures. Due to these, India is not the preferred manufacturing destination for global supply chain players. Additionally, India’s higher finance cost has a hidden cascading impact through the value chain.