Relatively big-ticket investments have been announced in domestic manufacturing by foreign electronics companies, including Nokia, Foxconn, Samsung and Sanmina SCI, but these only serve to show how little Indian companies are investing in electronics manufacturing.

The consortium of transnational electronics manufacturing firms, the Electronics Manufacturing Services (EMS) Alliance, said it expects its members' revenues from India to rise from the current $773 million to $2 billion in two years. EMS said it is planning a major manufacturing base in India to cater to the domestic electronics market.

South Korean companies, such as LG and Samsung, entered the consumer electronics market in India some years ago, and they now hold leading market shares in most product segments. In many cases, Indian brands have disappeared altogether.

With few Indian companies interested in making a name for themselves in electronics, these South Korean companies, along with other international brands dominate the Indian electronics scene. Mirc Electronics is the only significant Indian company that is competing with the foreign brands. The western-India based company's Onida brand still holds a decent market share in most consumer electronics segments.

By: DocMemory
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