ENA Sectors 2024-12-05 16:00:27 <p><strong>New Delhi, Dec 5 (KNN) </strong>India is experiencing a significant shift in its electronics manufacturing landscape, with approximately two dozen major industrial groups positioning themselves to enter the global supply chain. </p> <p>Leading companies such as the Tata Group, Murugappa, Pidilite, GMR, RP Sanjiv Goenka Group, and Bajaj Hindustan are exploring opportunities to produce components, sub-assemblies, and raw materials for the electronics sector.</p> <p>The momentum is largely driven by the Tata Group's successful entry into Apple's supply chain, particularly in iPhone assembly and component production. </p> <p>Industry experts, including Pankaj Mohindroo, Chairman, India Cellular and Electronics Association (ICEA), emphasise the critical need to develop a comprehensive supply chain to achieve India's ambitious electronics manufacturing target of USD 500 billion by 2030.</p> <p>Strategic partnerships are emerging as key catalysts in this transformation. Pidilite, for instance, has begun supplying industrial adhesives to Tata and established an applications lab with US company CollTech. </p> <p>Similarly, Japanese battery maker TDK has set up a significant manufacturing plant in Haryana, while the Motherson Group has entered a joint venture with BIEL Crystal Manufactory to produce smartphone glass.</p> <p>Apple has emerged as a primary driver of this expansion, with industry sources indicating the company's vendor development team actively scouting Indian companies to diversify its supply chain away from China. </p> <p>Currently, made-in-India iPhones contribute 14-15 per cent of Apple's global manufacturing capacity, with projections suggesting this could reach 26-30 per cent by 2027 and potentially match China's production levels by 2030.</p> <p>The global context is equally promising. While the worldwide electronic manufacturing output stands at USD 4.3 trillion, India's current contribution is merely 1 per cent. </p> <p>However, with increasing geopolitical tensions and the desire for supply chain diversification, Indian industrial houses see a significant opportunity to expand their manufacturing capabilities and global footprint in the electronics sector.</p> <p><strong>(KNN Bureau)</strong></p> <p> </p> 40155 https://knnindia.co.in/news/newsdetails/sectors/indias-top-industrial-houses-to-follow-tatas-success-in-electronics-build-global-supply-hubs 2024-12-05 16:00:27 knnindia.co.in