Bengaluru: India is expected to see increased product design and local manufacturing as it aspires to become a $400 billion electronic manufacturing industry by 2025, said Foxconn International Holding, India country head Josh Foulger.
He said a large part of this growth would be fuelled by export and improved domestic consumption, and that the National Policy of Electronics, which was announced before the Covid-19 pandemic, aims to support this goal significantly.
Foulger was talking at ‘The Unfinished Agenda’, an online event to celebrate the Life, legacy and ideas of Faqir Chand Kohli, the first CEO of Tata Consultancy Services.
“We will see increased design, I would say, integrated design work, where people really look at productization. There will be large companies, there will be medium-sized companies and there will be startups,” said Foulger. “We will be looking at multiple tiered supply chain development happening, which will be enabled by the government, and also enabled by large and medium scale.”
He said India has a “leg-up” in terms of talent and cost.
