India's Electronics Manufacturing Booms Amid Global Giants' Shift
Dixon Technologies India, a contract manufacturer that assembles Google's Pixel smartphones, is set to more than double its revenue this fiscal year due to rapid growth in local electronics manufacturing. The company has invested heavily to cater to rising export demand for electronics and has branched out into component manufacturing. India's electronics manufacturing sector is expected to grow to 6 trillion rupees by 2027.
- Dixon's aggressive growth path reflects the Indian government's efforts to establish a robust electronics ecosystem, driven by attractive incentives and favorable policies.
- What are the implications of this growth on the global supply chain, particularly in terms of reducing reliance on countries like China?