The PHD Chamber Organizes 'Electronics in Security and IoT' Conference to Boost Electronics Manufacturing in India
Date: Sunday , January 31, 2016
Bengaluru: Soon after PM Narendra Modi announced various programs & initiatives to improve the startup eco system in India, a large number of conferences and gatherings are being organized by various industry sector professionals and organization to discuss ways in which they can contribute to the cause and in return reap maximum benefits. The PHD Chamber of Commerce and Industry in association with the Department of Electronics and Information Technology (DEITY) and Ministry of Communications & IT organized a conference named \'Electronics in Security and IoT\' to discuss ways in which startups can leverage IoT.
Welcoming the gathering, R P Jhalani, Chairman - Committee on Electronics and Engineering Goods, PHD Chamber, says, \"The electronics industry today has become extremely vital and a key driver for India\'s economic growth. The delegates of the current scenario of Indian Electronics Industry which stood at US$ 69.6 billion in the year 2012 which is 3.5% of the global electronics market. It is expected to reach US $400 Billion by year 2020. The India Video Surveillance market is expected to reach $952.94 million by 2016, with a CAGR of 32.49 percent from 2011-2016. Global IoT market is going to get bigger in the coming years and is likely to be touch $7 trillion mark globally by 2020, according to the International Data Corporation\".
Emphasizing on the importance of skilling the youth of India, N K Mohapatra, CEO, ESSCI commented, \"India must take cue from countries like Israel which were focusing on increasing the productivity of their manpower rather than just increasing the employment numbers. The demand today is coming not in the existing job roles but in the newer job roles which includes safety and security electronics as well as Internet of Things (IoT). The steps taken by the Department of Electronics and Information Technology (DEITY) have been very encouraging and would help in achieving the net 0 imports target set by the Government\".
Held at the PHD House in New Delhi, the conference was presided over by N K Mohapatra, CEO, Electronics Sector Skill Council of India (ESSCI); Pankaj Mohindroo, National President, Indian Cellular Association (ICA); G B Singh, Group Editor, Security Today magazine and Avinash Sinha, Design Expert, Mecops India who all expressed their views and concerns on the current electronics industry in India.
The main objective of the Conference was to discuss how the Indian SMBs can be encouraged to take up manufacturing of safety electronics as it would not only boost electronics manufacturing in India, but also provide massive employment opportunities in rural India. Other points under discussion included ways in which the Indian startups that are already growing at brisk rate can leverage IoT and other technologies in the days to come.