ELE Times PDF 1 Nov 2016 | Page 10

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The government in India is on pace to spend $ 7.2 billion US Dollars ( USD ) on IT products and services in 2016 , an increase of 2.4 percent over 2015 , according to Gartner , Inc . This forecast includes spending on internal services , software , IT services , data center , devices and telecom services . Government comprises state and local governments and national

World of PHOTONICS INDIA took place for the fifth time from September 21-23 , 2016 at Bangalore International Exhibition Centre in Bengaluru . Spread over 4,000 m ² of exhibition space , 140 exhibitors , and 20 represented companies from 17 countries showcased products , recent developments and market trends from the world of lasers and optical technology . 7,182 visitors attended the trade fair marking a growth rate of 18 percent as compared to the previous year . Bhupinder Singh , CEO , MesseMünchen India , said , “ LASER World of PHOTONICS INDIA 2016 saw impressive three days with numerous innovative technologies presented . The overall response is very encouraging and we expect the momentum to follow in coming years as

well .” The next edition of LASER World of PHOTONICS INDIA will take place again in conjunction with electronica India and productronica India , the largest trade fairs presenting the entire value-added electronics industry from 14-16 September 2017 at Pragati Maidan , New Delhi .

Samsung India Electronics announced expansion of its Noida plant with an investment of Rs 1,970 crore , strengthening its commitment to ‘ Make in India ’ and ‘ Make for India ’. The Government of Uttar Pradesh approved the investment by Samsung India Electronics under Super Mega A by the state ’ s Cabinet Committee in Lucknow . A Memorandum of Understanding was signed between Uttar Pradesh Chief Secretary , Rahul Bhatnagar and HC Hong , President & CEO , Samsung India Electronics , in the presence of Chief Minister Akhilesh Yadav . “ A bigger and more robust manufacturing facility will help us address the needs and demands of our growing customer base across the country and the region . We plan to further the Samsung innovation promise across our Refrigerator , Mobile and LED TV range ,” said HC Hong , President and CEO of Samsung India .

The NITI Aayog has discarded its first keen ‘ Make in India Strategy for Electronic Products ’ and has introduced another export-oriented policy that favours developing coastal economic zones .

The Aayog initially came up with a draft policy that sought to attract global electronic manufacturers to set up units in India and give a push to the Make in India initiative . It suggested a 10-year tax holiday for companies investing over $ 1 billion in electronics manufacturing or creating 20,000 jobs in India . India ’ s domestic consumption of electronics hardware was $ 63.6 billion in 2014-15 , with imports accounting for 58 % of the total . It has now been canceled and a proposal to set up coastal economic zones for labour-intensive sectors in the country is recommended , much along the lines of China , to enable manufacturers to tap overseas markets without much difficulty .

The global flexible electronics market is anticipated to grow at a CAGR of 25 % during 2016 to 2022 . The market has generated the revenue $ 5.42 Billion in 2016 and is anticipated to reach up to $ 20.67 Billion by 2022 . Increasing consumer goods industry , distinctive features of flexible circuits , light weight and compact structure , environmentfriendliness of the batteries helps to increasing the market of rich communication suite service . The North America accounted for over 30 % of the global revenue in 2015 . The Asia Pacific is anticipated to witness optimistic growth at CAGR exceeding 17 % in the forecasted period . The Europe flexible electronics market was over $ 5 billion in 2015 .

ELE Times | 10 | November , 2016