India's industrial electronics vital for $500 billion goal

Industrial electronics is crucial for India’s aim to boost its manufacturing sector to $500 billion. The sector currently makes up 20 percent of India's $150 billion electronics production. Experts believe that by embracing this technology, India can tap into the potential of the Industrial Revolution 4.0. At the 'Convergence India 2025' event, industry leaders emphasized the need for strong policy initiatives and significant investments in research and development. They see a chance for India to become a global leader in industrial electronics if the right steps are taken. Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association, stated that industrial electronics is essential for modern manufacturing. He noted that the next ten years will be critical for determining India's position in the global market. According to K.N. Sreekumar of Siemens, India needs to work quickly to bridge the gap between research and practical uses. He stressed that easing regulations and speeding up technology adoption will be vital for success. Dilip Sawhney from Rockwell Automation urged for rapid action, highlighting that India possesses the necessary talent and market demand. He warned that other countries may outpace India if it does not act swiftly. Overall, industry leaders agree that successful policy changes, increased research funding, and a skilled workforce will be key to achieving India’s ambitious manufacturing goals.