India EMS Market to Grow

A report by KPMG>>> projects that India>>>'s electronics manufacturing services (EMS) market will grow over threefold to USD 150 billion by 2030, from USD 40-45 billion in FY25. This growth is attributed to strong domestic demand, supportive government policies, and global companies diversifying their supply chains away from China>>>. While India>>> has achieved significant scale in high-volume assembly, particularly in mobile and consumer electronics, the report highlights a 'scale without depth' paradox, indicating limited presence in higher-value areas like design, components, and intellectual property ownership. The report emphasizes the need for India>>> to transition from capacity-led to capability-led growth, focusing on localization, certification depth, and design integration to become a globally competitive electronics manufacturing hub. Rohan Rao>>> and Raghavan Viswanathan>>>, partners at KPMG>>> in India>>>, underscored the importance of sustained investment in component ecosystems, engineering depth, and supply chain sophistication.