'Several top global brands now use India as a manufacturing base'
NEW DELHI: After being nearly absent from the global value chain and innovation discourse for several years, India has made significant headway in recent years with several top international brands now using the country as a manufacturing base, former minister Rajeev Chandrasekhar has said.
“A decade ago, electronics manufacturing in India was dominated by domestic brands getting products designed outside and manufactured in China. In the last 3-4 years, we are seeing not just global and Indian brands being manufactured here, but also being designed to be manufactured here. This transformation across the value chain — design, manufacturing, and testing — has been enabled by govt’s pivot from an import substitution framework to an export-led electronics manufacturing and design framework,” he said at the Digit Zero1 Awards 2024 , hosted by Times Network .
“A decade ago, electronics manufacturing in India was dominated by domestic brands getting products designed outside and manufactured in China. In the last 3-4 years, we are seeing not just global and Indian brands being manufactured here, but also being designed to be manufactured here. This transformation across the value chain — design, manufacturing, and testing — has been enabled by govt’s pivot from an import substitution framework to an export-led electronics manufacturing and design framework,” he said at the Digit Zero1 Awards 2024 , hosted by Times Network .
The event recognised advancements in tech and innovation, with industry leaders honouring 71 winners across three categories.
“The three important trends to lookout for are, digitisation, as products are becoming smarter, connected, and with AI, even smarter connected products. The second trend is India’s growing footprint in the global value chains post-Covid. The third trend is the emergence of highly intelligent digital products powered by AI and edge AI,” Chandrasekhar said.
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