The new report, ‘Telecom Equipment
Market in India’, states that India holds immense opportunities for telecom
equipment products. India is one of the world’s fastest-growing telecom
markets. The country houses a mammoth wireless subscriber base which is served
by a number of wireless network operator and other service providers. Also, India
being a major IT and ITES hub, there are significant number of companies
dependent on telecom products. These have generated considerable level of
demand for telecom equipment in the country.
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India is largely dependent on import
for telecom equipment. Dometic production of the same has been negligible as
compared to imports. Chinese and European companies, leveraging on this
deficiency, are catering to the needs of the country with wide range of telecom
equipment products at competitive price points.
However, the Government of India has
realized the essentiality of domestic production of telecom equipment and hence
has come up with a number of policies and perks to enhance the same in the
country. Apart from allowing 100% FDI for telecom equipment manufacturing, the
government is also setting up telecom centers of excellence across India to
promote domestic manufacturing. In 2012, the Union Cabinet approved INR 100 bn
as financial support for the development of electronic manufacturing clusters
while recently, additional INR 100 bn was approved to promote large scale
manufacturing in India. This presents the best time for mobile accessory
companies to establish manufacturing units in India. On the export front, India
is gradually picking up pace, principally with export of mobile handsets.
Rapid growth in telecom subscriber
base, and introduction of 3G and 4G induces telecom equipment requirements
across the country. With rising usage of 3G services and adoption of 4G
technology, the need of telecom equipment will only rise as service providers
enhance their capability to handle more users and service requests from across
the country and beyond.
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