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Hardware sales to touch $360bn by 2015: PHD Chamber

Hardware sales to touch $360bn by 2015: PHD Chamber
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First Published: Sun, Apr 13 2008. 03 49 PM IST
Updated: Sun, Apr 13 2008. 03 49 PM IST
PTI
New Delhi: On the back of increasing demand of consumer electronics, sales of hardware in the country is poised to touch $360 billion dollars by 2015, industry body PHD Chamber said.
These would include units brought through imports and those produced domestically. “Electronics hardware consumption in the country, which is growing at 30% will be one of the fastest growing segments in the country, creating large scale employment opportunities,” L K Malhotra, president PHD said.
The production of electronics hardware, which includes strategic electronics, consumer electronics, computers, communication and broadcasting equipment, is around $16 billion at present, less than 1% of the world output.
“Our efforts should be to take the domestic production of electronics hardware to $150 billion by 2015 and increase global share to 5%,” Malhotra added.
India has to focus on two areas -- micro-chips and nano technology and the country can be developed as a hub for repairing electronics hardware.
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First Published: Sun, Apr 13 2008. 03 49 PM IST