ESDM sector requires an ecosystem approach for value chain resilience: PwC India report

A report emphasizes the need for an ecosystem approach to boost India's electronics manufacturing sector, highlighting its dominance in key areas like mobile phones and IT hardware. It outlines policy actions for growth, reflecting on India's rapidly increasing mobile phone production. With strategic collaboration and policy reforms, India aims to become a competitive player in the global electronics market and the world's second-largest economy by 2040.

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FAQs about "ESDM Sector Requires an Ecosystem Approach for Value Chain Resilience: PwC India Report - Mediabrief"

Frequently Asked Questions

Q1: What is the ESDM sector?

A1: ESDM stands for Electronics System Design and Manufacturing. It encompasses the entire range of activities involved in the design, fabrication, assembly, testing, and servicing of electronic products and systems.

Q2: What does the PwC India report suggest for the ESDM sector in India?

A2: The PwC India report outlines the potential and strategic importance of developing resilient electronics supply chains in India. It indicates that an ecosystem approach is required to enhance the value chain's resilience.

Q3: Why does the ESDM sector need an ecosystem approach?

A3: An ecosystem approach is needed to make the value chain more efficient and able to respond to market dynamics effectively. This involves collaboration among industry players, government, academia, and other stakeholders to foster innovation and adaptability.

Q4: What benefits will a resilient ESDM supply chain bring to India?

A4: A resilient ESDM supply chain can position India more prominently in the global electronics market, improve its self-reliance in electronics production, and contribute to economic growth by creating jobs and business opportunities.

Q5: How does the report suggest developing the ESDM ecosystem in India?

A5: While the search results did not provide specific strategies from the report, such an approach would typically involve investment in technology, skill development, regulatory support, and infrastructure enhancements.

Please note that to get more detailed answers and insights, it would be beneficial to read the full PwC India report mentioned in the Mediabrief article.

For further information, refer to the original Mediabrief article: ESDM sector requires an ecosystem approach for value chain resilience: PwC India.