New Delhi, Feb 5 (UNI) The Indian Electronics Manufacturing Services (EMS) market is expected to grow to about three billion US dollars by 2010 from 900 million dollars in 2005.
Much of this growth is to be propelled by the burgeoning demand for telecom equipment and consumer electronic products, including mobile handsets.
The global EMS revenue is expected to touch 370 billion dollars by 2010 and India's share will be three billion dollars by that year.
India is emerging as a hotspot for electronic contract manufacturing (EMS and Original Developer Manufacturing- ODM). The growing Indian economy is fueling a massive consumer boom.
Demand for electronic gadgets, appliances, and equipment is growing briskly and companies are increasingly turning to EMS firms to fill the pipeline.
The EMS industry in India is buzzing with activity and major names which figure in India with ongoing and planned operations include Flextronics, Jabil Circuit, Celectica, Elcoteq, Solectron, Nokia, Hon Hai Precision Industry, Sanmina-SCI, Foxconn, TVS Electronics, D-Link, Samsung, Motorola, Benchmark Electronics, Plexus Corp and Nam Tai Electronics.
The 12th International Conference on 'Contract Manufacturing : The Indian Perspective' will open at Pragati Maidan from tomorrow, which will held during the three-day exhibition 'ComponexElectronic India' 2007 showcasing electronic components, materials and production equipment, said Mr Swarn, Organiser of the exhibition.
The exhibition being organised by Electronics Today and Messe Munchen International (MMI) has achieved over 53 per cent growth as compared to last year. This is the largest exhibition of Electronic Components in India and SAARC region.
More than 800 companies from about 25 countries are a part of 'Componex/electronic India' 2007 to unveil new innovations in the electronic component sector.
A number of companies from Europe, US, Japan, Taiwan, Singapore, Mainland China and several other countries will be displaying their latest range of electronic components and machineries, Mr Swarn added.