As usual the T&M Industry in India is highly erratic being still driven by large scale Government Policy frame work and how Global money will travel in sunrise investments here.Yet the signs are "positive" notwithstanding gloom because of Current Account Deficit,Inflation and not much growth on the investment pick up. But we need to understand the dynamics of growth from the policy point of view as well.Growth on overall basis is dependent on our Labour and Capital Productivity and right now the inflow of Capital investment and its Productivity needs stimulation.So, the Government needs to incentivise the potential investors ( Domestic and Foreigners) to invest in sectors which have large consumption story as well as possibilities of Value Addition and thus provide boost to its exports too.
We are therefore a little fortunate to see the large Business Houses are getting interested in two main markets (hitherto untouched by them : Defense & Security and now Semiconductors Fab).It appears that the programs of couple of Big Corporates are seriously rolling out.This augurs well because these sectors within the gambit of Electronics are not only going to be Capital intensive,but specifically big booster to T&M systems spending and investment.At least the process is seen to begin and this time around we can see " This time is going to be different" syndrome.If right choice of Vendor and incentives are there,we hope to see some big ticket sector opening for private participation. Let us all hope India triggers a new front opening and we are able to attract investment and IP both.More than any other segment, T&M Industry in India stands to get a Booster!
We are therefore a little fortunate to see the large Business Houses are getting interested in two main markets (hitherto untouched by them : Defense & Security and now Semiconductors Fab).It appears that the programs of couple of Big Corporates are seriously rolling out.This augurs well because these sectors within the gambit of Electronics are not only going to be Capital intensive,but specifically big booster to T&M systems spending and investment.At least the process is seen to begin and this time around we can see " This time is going to be different" syndrome.If right choice of Vendor and incentives are there,we hope to see some big ticket sector opening for private participation. Let us all hope India triggers a new front opening and we are able to attract investment and IP both.More than any other segment, T&M Industry in India stands to get a Booster!
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