New Delhi, June 12 -- Despite weak demand in consumer electronics, 360 ONE Capital remains optimistic about the long-term growth of India's electronic manufacturing services (EMS) sector, citing increasing localisation, semiconductor opportunities and a shift towards value-added manufacturing.

In a sector update report, the brokerage said the industry is undergoing a structural transformation that is expected to support growth in the years ahead.

"We remain positive on the structural growth story of the sector, with themes such as increasing RAC penetration, backward integration, value-added manufacturing, semiconductors, etc., providing a strong runway for growth," the report said.

According to the report, the Indian EMS industry is g...