India’s high growth rates already make it one of the world’s most attractive markets. By 2050, India is expected to have the world’s third largest economy. The sector recording the strongest growth in India is – as is the case worldwide – the electronics industry. Two years ago, the market volume for this segment in India was 11.5 billion U.S. dollars; by 2010, forecasts expect it to have already reached 40 billion. That corresponds to a annual gain of 23 percent.
 
The Indian subcontinent is generating an immense amount of interest within the electronics industry. Southern India in particular experiences very dynamic growth rates. Renowned companies such as BMW, Cisco, Dell or Nokia have opened new production sites. This offers an excellent potential for electronica India and productronica India at its new location in Bangalore in the heart of one of the leading high-tech regions in the world.

Some interesting excerpts from the electronics market news:

• GSM users grow 2.78% in May, cross 30-m mark
  Source: The Financial Express, June 12 2009 -The country added over 8 million subscribers during May, taking the total GSM subscriber base to over 30 million, registering a growth of 2.78%. However, May witnessed a decline of approximately 600.000 subscribers compared to the additions made during April. India's mobile subscriber base is set to cross 700 million by 2013 according to COAI estimates.

• Chennai unit top producer for Nokia
  Source: The Economic Times, June 12 2009 - Chennai has edged past China as a unit-wise volume producer of Nokia cell phones. In fact, Nokia’s Chennai factory is now the company’s largest cell phone manufacturing facility in the world. China has two such Nokia factories and Chennai one. But Chennai Nokia has now edged past the larger of the two Chinese factories. While the Finnish cell phone maker is not revealing the annual capacity of its Chennai factory, a senior member of its global planning team said the factory is now indeed its largest manufacturing factory. Unofficial reports suggest Chennai manufactures over 100 million phones every year.

• Honda identifies India as launch pad for global small car
  Source: The Hindu Business Line, June 12 2009- Honda has identified India as the launch pad for its global small car which will debut during the next two to three years. “The vehicle is being developed for India specifically as the lead country. It will then enter other markets across the world,” Mr Masahiro Takedagawa, President and CEO, Honda Siel Cars India, said here on Thursday.

• EMS in India- Driving growth of Electronics Manufacturing
  Source: iSuppli Inc, USA - The market is expected to expand quickly from an estimated US$40 Billion at present to US$150 Billion by 2015 at a CAGR of 22-23% per annum. This growth is the result of a number of growth drivers-some are global and technology trends while some are specific to India.

• India to spend $20bn on solar plans
  Source: EE Times, June 17 2009 -India has unveiled new details on its long-term plans to grow both a solar market and an indigenous solar photovoltaics industry to serve it. The news comes in the wake of predictions of a shakeout in the solar market in 2009 after years when 40 per cent annual growth was not uncommon. India's National Action Plan on Climate Change, first announced last year, includes plans to install up to 200 GW of solar generation capacity by 2050. The first 20 GW of solar capacity is planned to be installed by 2020.