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Make In India

GBF 2015 Theme: Towards Self Reliance in Defense & Electronics

Vision >>> Make in India  – for domestic and international consumption

 ESDM Import

  • Electronics imports will overtake Oil and be the top most import
  • Market opportunity is huge

The PMO has made “Make in India” a priority program. “Make in India” can mean many things to many people.

  •  It can mean manufacture in India for domestic consumption.
  •  It can mean manufacture in India for exports.
  •  It can mean design in India, assemble at a cost effective geography (not necessarily in India) and sell globally.
  •  It can mean create large number of jobs.
  •  It can mean change the country’s trade deficit to a surplus.

For this year the Make-in-India SIG would focus on two sectors viz. “Defense” and “Electronics”. The SIG will look at ways to support and build products in India possibly Indian brands. These can beproducts for Defense or Electronics products.

ESDM Import Data ESDM market in India Imports Domestic
2010 $ 68.3 Billion 57% – $38.5 Billion 43% – $29.8 Billion
2015 $94.2 Billion 55% – $51.7 Billion 45% – $42.4 Billion
2020 $ 400 Billion 75% – $300 Billion 25% – $100 Billion

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  • The SIG initiative is targeted towards players, who have relevant products, technologies, IP, ideas & concepts, skills and the desire to build and sustain the “Make in India” brands.
  • The GBF expects the presence of the defense minister and defense chiefs will give an opportunity for these players in defense sector and academia to have a dialog with the defense team to set mutual expectations. It will enable them to polish their products and plans with sharper focus for execution over the next 3 years.
  • The GBF expects this forum will identify success factors for the electronics industry. It will engage policy makers to understand the industry and academy requirements for a successful ecosystem.
  • The thought leadership provided by the keynote speakers and industry veterans will spawn ideas and projects in the focus areas outlined.
  • The interactions between start-ups, industry veterans and investors will provide the start-ups powerful support not just financially, but by way of guidance and mentorship.
  • The interactions between the researchers and faculty from IIT Bombay’s labs, with industry veterans and investors will help showcase the work happening in the labs and provide it a fillip to bring it into the commercial marketplace.
  • The presence of policy makers will help align future policy with the needs of the ecosystem and help achieve the impact described above
  • By bringing together startups and large corporates in the Defense and Electronics industry, academia, investors, and policymakers under one roof, the GBF will set in motion the process of creating this ecosystem with IIT Bombay alumni playing a major enabling as well as active role.



India is the largest importer of conventional defense equipment and spends about 40% of its total defense budget (~USD 37 Billion) on capital acquisitions, out of which 60% requirements are met through imports. Government policies are currently favoring induction of Indian products into defense forces instead of overseas procurement. The new DPP (Defense Procurement Procedure) document identifies Indian companies as Strategic Partners and offering them fully funded Make-India development projects. Next 10 years will see Ministry of Defense (MoD) giving orders worth $170billion to Indian Defense companies. Specification of indigenization content in each of the order given by MoD will require Indian companies to innovate & develop Make-India subsystems for import substitution.


Demand of electronics products in 2015 is projected to be USD 94.2 billion of which 55% is being met by imports. Various studies and reports project $300 billion worth electronics goods will be imported in 2020 overtaking Oil imports to be the number one category of imports. electronics products such as Mobile phones, Flat Panel TVs/Displays and Computers like laptop/servers/desktops form nearly 56% of the sale value. Various semiconductors and displays form nearly 45% of the value of the components that make up these products. Assembly and testing contribute to approximately 6-8% of the value of an electronics product. The product design IP owners take away between 40-70% of the sale value of the electronics products. The government is encouraging large global players to setup sophisticated assembly lines. Vast armies of talented Indian engineers are working in various MNCs across the country engineering products “Made outside India”. This trend has to be reversed if India has to go up the value chain in Electronics products so that the trade deficit in electronics is reversed.


Executive Leaders