Bangalore, Oct 28 (IANS) Electronic goods and services can drive inclusive growth in India by providing affordable healthcare, education, water management and energy, a top industry expert said Thursday.
‘Electronics can also contribute to inclusive growth by impacting affordable healthcare, education connectivity, water management and energy sources,’ Texas Instruments (TI) India managing director Biswadip Mitra said.
The US-based global design and chip major (TI) was the first multinational to set up its research and development (R&D) centre with its own dedicated satellite link in this tech hub 25 years ago.
In a power-starved country like India, Mitra said energy could also play a vital role in achieving energy efficiency through innovations in electronics, semi-conductor and ultra low-power technologies.
‘The potential in saving energy is equivalent to many power plants in the country. Electronic systems design and manufacturing (ESDM) is a major opportunity for India to leverage its talent pool and resources,’ Mitra told about 600 delegates at a premier IT trade event ‘Bangalore IT.Biz 2010’ here.
Noting that the electronics market growth in India had been impressive over the years, Mitra said that the ESDM could create a major market impact, as witnessed in telecom, industrial, consumer, defence and aerospace and automotive.
‘About 1,000 Indian and overseas firms are powering the growth of electronics by excelling in systems design innovation. We are at an important juncture in electronics,’ Mitra said.
The Indian Semiconductor Association and as well as consulting firm Frost and Sullivan’s report estimate the electronics market to reach $58.4 billion in 2011 and grow strongly thereafter.