ENA Sectors 2023-08-23 15:47:29 <p><span style="font-size:14px"><strong>New Delhi, Aug 23 (KNN)</strong> The lack of global electronic manufacturing service (EMS) firms is holding back Indias growth in the segment in the South Asian Region, said global electronic components distributor Avnets regional president for South Asia and Korea, Tan Aik Hoon. </span></p> <p><span style="font-size:14px">Many of the EMS companies are present in countries like Thailand, Malaysia and Vietnam, she explained.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">India stands to benefit from the strategy of many multinationals aiming to move out of China. </span></p> <p><span style="font-size:14px">It is, however, not yet at the same level as peers like Vietnam, Thailand and Malaysia, she added.</span></p> <p><span style="font-size:14px">Today the India percentage of our South Asia business is 20% and I dont see why it wont grow to 25-30%. It should be about 35-40% in the long run, Aik Hoon said during a media interaction in Bengaluru on Tuesday. </span></p> <p><span style="font-size:14px">The China Plus One strategy is a business move to diversify manufacturing and sourcing operations of companies beyond China to reduce dependence on the East Asian giant. <em><strong>(KNN Bureau)</strong></em></span></p> 34544 https://knnindia.co.in/news/newsdetails/sectors/shortage-of-electronic-manufacturing-services-firms-obstructs-indias-sprint-in-south-asia 2023-08-23 15:47:29 knnindia.co.in