THREE COMPANIES DRIVING THE ELECTRONICS MANUFACTURING INDUSTRY IN INDIA
The electronics manufacturing sector (EMS) in India faces its biggest transformation to date. The global electronics market exceeds US$ 2 trillion in value yet India controls only 3% of this total market value. The Production Linked Incentive (PLI) scheme worth Rs 380 bn, along with export growth and the China+1 strategy, have created an optimal business environment for Indian companies to build their position as dependable suppliers for worldwide markets.
The EMS sector in India meets home market needs for mobiles, appliances, and electronics while simultaneously expanding export operations. Mobile exports from India reached Rs 1.5 trillion (tn) during FY25, demonstrating a 40% yearly growth. Electronics, the second-largest import in India after oil, needs domestic production to achieve both economic benefits and national security advantages.
Stocks to benefit in the EMS sector are -