Key Making Sectors in India
The focus of the making movement in India is on 25 sectors! These include: automobiles, aviation, chemicals, IT & BPM, pharmaceuticals, construction, defence manufacturing, electrical machinery, food processing, textiles and garments, ports, leather, media and entertainment, wellness, mining, tourism and hospitality, railways, automobile components, renewable energy, biotechnology, space, thermal power, roads and highways and electronics systems.
Let’s look at Electronics Systems –
India has overtaken Japan to become the second largest manufacturer of smartphones.The demand for electronic hardware is expected to rise rapidly to US$400 billion by 2020, Some of the companies that pledged investments are –
Foxconn: US$5 billion investment over 5 years in research and development and hi-tech semiconductor manufacturing facility in Maharashtra.
Qualcomm: ‘Design in India’ programme to mentor ten Indian hardware companies with the potential to come up with innovative solutions and help them reach global scale.
Samsung: 10 ‘MSME-Samsung Technical Schools’ and manufacturing of Samsung Z1 in its plant in Noida).
Xiaomi: smartphones to be manufactured at a Foxconn-run facility in Sri City made operational operational by producing Xiaomi Redmi 2 Prime.
Apart from electronics, India has very dense industrial clusters in Pharma and Life Sciences, Automobiles, Cement and warehouse logistics. In the next five years, Food processing Industry, Aerospace and Defense, and the digital maker industry (animation, gaming and design) will be the hottest sectors. This Make in India wiki page gives more insights into the segmentation.