India is a rising global R&D hub, offering cost-effective talent and a conducive environment for product development and manufacturing integration
$10-15 Bn
Projected growth of the Surface Mount Technology (SMT) Equipment Market by 2030, from the current demand of $ 5.5 Bn
4
Large-scale semiconductor manufacturing projects with a combined investment of ~$18 Bn
India has become a preferred destination for Design and Research & Development (R&D) operations for leading global equipment companies.
Multinational corporations (MNCs) are increasingly leveraging India’s capabilities for critical R&D and process development. As trust in India’s potential grows, many R&D facilities are evolving into labs equipped with production-grade equipment for product and component qualification. Additionally, an increasing number of global companies are sourcing spares, parts and sub-assemblies from Indian firms.
With the rapid growth of the electronics and allied sectors, equipment companies have numerous opportunities to integrate India into their value chains.
Global equipment MNCs can leverage India for equipment design, process development labs and spares, maintenance and repair services.
India’s mature EMS ecosystem caters to global requirements for sub-assemblies and components.
With a yearly pipeline of 10 Mn STEM graduates and initiatives to train up to 140,000 students in semiconductor and related fields, India offers a robust talent pool.
Globally competitive incentives provide support across the equipment value chain, including OEMs, component suppliers and R&D.