'Electronic contract manufacturing in India to grow over 6-fold to USD 152 bn by 2025'
The electronic contract manufacturing sector in the country is projected to grow by over six-fold to USD 152 billion by 2025, industry body Elcina said on Wednesday. Globally, the electronic manufacturing services (EMS) sector was valued at USD 832 billion in 2019 and is estimated to grow to USD 1,055 billion by 2025
Electronics and IT Secretary Ajay Prakash Sawhney, emphasised on the need to manufacture printed circuit board (PCB) assemblies within the country and reduce import dependence