India to be electronics manufacturing services hub

April 18, 2013 12:14 pm

Higher incomes, wider choices, and lower product prices have escalated the demand for electronic products in India and heightened the need to improve the country’s electronics manufacturing ecosystem, leading OEMs to turn to electronics manufacturing services (EMS). Latest analysis from Frost & Sullivan finds that the market earned revenues of more than $3.79 billion in 2012 and estimates this to reach $10.67 billion in 2016. The market is expected to grow at a CAGR of 29 per cent during this period.