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                        <h1 class="fs-42">ESDM as a catalyst for ‘Make in India’ for the World</h1>
                        <p class="fs-16">Author: IESA with Frost Sullivan</p>
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                        <p class="fs-13">*Not inclusive of Taxes</p>
                        <p class="fs-16">India’s dependency on imports for its electronic product needs, from smart
                            phones to super computers has seen an exponential rise. IESA along with Frost & Sullivan has
                            created</p>
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                        <!-- India’s dependency on imports for its electronic product needs, from smart phones
                        to super computers has seen an exponential rise. IESA along with Frost & Sullivan has created
                        this report to capture the current status, map the trends and create opportunities to work
                        closely with the industry, government and research institutes to promote electronics products &
                        manufacturing in India. The report aims to provide definitive strategic direction to the ESDM
                        ecosystem by assessing the current trends and providing strategic advice to accelerate growth
                        and local value addition. The key sectors covered in the report include Electronics Product
                        Market, Electronics Component Market, Electronics Design Market, Electronic Systems Market and
                        Electronics Manufacturing Services Market. The focused product segments are Mobile Phones,
                        Notebooks, CCTVs, FPD TVs, Led Lighting, Engine Control Unit, Gigabit Passive Optical Networks
                        (GPON) & Energy Meters/ Smart Meters.
                        IESA released ELECTRONICS SYSTEM DESIGN & MANUFACTURING (ESDM) Report 2020 in collaboration with
                        Frost & Sullivan on March 30, 2020. -->

                        <!-- Key highlights:
                        ESDM as a catalyst for 'Make in India' for the World
                        Electronics production has the potential to reach up to US$260 Bn & generate ~1Cr jobs providing
                        an alternate source of employment to IT sector
                        Proposed creation of $1Bn billion ESDM Innovation fund
                        Electronics Market is a sunshine market. Indian market has grown at a CAGR of 14% from 2016-19
                        and is expected to accelerate at a CAGR of 16.6% between 2020-25
                        Electronics production currently contributes 3.3% to the economy. It will grow to US$320 Bn by
                        2025. With additional measures, it has potential to reach US$410 Bn, which will be 8.2% of US$
                        5Tn India's GDP target by 2025
                        Boost in ESDM manufacturing as a result of the massive capacity expansion can generate 1cr jobs
                        providing an alternate source of employment to IT sector
                        Currently 50% of US$134 Bn of total Electronics products Demand is imported. By 2025, the total
                        product Demand will reach to US$368 Bn, however, import can reduce to 29%, saving US$76 Bn of
                        foreign exchange
                        IESA has set an ambitious target to play a catalyst in incubating 1000 Electronics Product and
                        Fabless start-ups which will create 1,000 IPRs, generate business worth INR 1,000 crore and
                        create 10 lakh jobs over next five years. -->
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