The Indian Electronics manufacturing sector is estimated to reach $360 billion by 2015, according to Frost & Sullivan and the Indian Semiconductor Association. "If this happens, then it is likely to be bigger than the IT services, BPO and Automotive sectors put together. It is an amazing opportunity for a new set of entrepreneurs to make their mark," says Radha Mocherla, a director of Plan B, a UK/India based manufacturing consultancy.
The report, "Indian Electronics Sector Opportunities for Beginners," released on April 23 by Plan B Manufacturing, aims to bring entrepreneurs and corporate strategists up-to-speed on the business opportunities available in the rapidly growing Indian Electronics manufacturing sector.
"To see who will succeed in creating new businesses in Electronics, you can forget the established players in the Indian industrial scene. Even those who have made their money from relatively high-tech offerings are now too busy chasing opportunities in low-tech sectors such as retailing. Bharti -- the cellular operator that now has a JV with Walmart -- is one example. It doesn't help that Electronics in general is seen as a highly volatile sector requiring lots of expenditure on manufacturing facilities and R&D," explains Mocherla.
Dr Sree Kamineni, Plan B's director of Corporate Development & Restructuring services, believes that that this has led early entrepreneurs to set up design services companies first, mimicking the players in IT services and KPO. "Design services are important to develop, but they won't on their own stimulate the creation of the manufacturing sector, without intervention. This needs a concerted effort at the national level as well as visionary entrepreneurs to take the inevitable risks."
Plan B Manufacturing is an organization consisting of board level executives from leading companies, blue-chip consultants and entrepreneurs focused on advising manufacturing companies around the world on growth and survival options.
Download a copy of the report, Indian Electronics Sector opportunities for Beginners at www.planbmanufacturing.com/Electronics.htm