Sarin Sundar, CTO, India Semiconductor Mission (ISM) @ launch of India Photonics Association
India, Sept. 11 -- Sarin Sundar, CTO, India Semiconductor Mission (ISM), spoke at the launch of India Photonics Association in New Delhi.
First, he highlighted India's economic milestones.
* Market scale: Electronics demand in India has surged to near $220 billion since 2014, with production expanding at an annual rate of roughly 19%.
* Export expansion: Electronics exports-under 2% of total exports a decade ago-now account for approximately 11%. Forecasts target $150 billion in electronics exports over the next four to five years.
* Domestic manufacturing: 99.5% of mobile phones sold in India are manufactured domestically. India now accounts for nearly 22% of global iPhone production/assembly, with targets to reach 50% within four ye...
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