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India Wants a Role in Semiconductor Production

Demand for electronic goods is rising fast in India and driving up semiconductor consumption in the country. This is seen by industry observers as a positive trend that could set the stage for India to one day emerge as a major manufacturing center for integrated circuits, much as it has become a center for software development.

This hope was expressed in presentations at the India Semiconductor Association's annual Vision Summit held last month in Bangalore. The theme of the two-day event, organized by the ISA along with India's Department of Information Technology and UK Trade & Investment, was “Electronic Systems Innovation: India's opportunity to drive global markets.”

The summit identified numerous market opportunities for development in the semiconductor industry in India, and while participants stressed the availability of skilled personnel to help move the market forward, they also addressed the various challenges facing manufacturers in the sector. These include how best to identify and raise the resources to lift the local industry up to the standards manufacturers enjoy in developed economies.

I believe that with the growing globalization of the high-tech product-development community in India, the nation will continue to provide a huge base for innovation and talent, adding to the international structure of the electronics community. The Indian semiconductor industry has grown into a prominent player in the past couple of decades and has been a vital contributor to the nation’s economic growth.

“The Indian semiconductor industry, following the global trend, is set for tremendous growth, with sales expected to hit $8 billion by the end of 2011,” notes {complink 9171|Frost & Sullivan} in a research report.

Since India has the world's second largest population and increasing domestic demand for electronics equipment, the potential for higher semiconductor consumption and sales is huge. There are also vast, untapped opportunities for locally made products for the non-urban market, especially in verticals such as telecom and wireless applications.

The growth of the mobile handset, consumer electronics, and telecommunications markets, for instance, has boosted revenue in the electronics industry, and this will in turn create opportunities in the country for local semiconductor production.

Among the challenges local players can help resolve is the issue of inadequate power supply. India continues to face power shortages, and this has influenced customers who often prefer battery-powered, portable electronics devices. Since these are sophisticated devices, however, the power requirement is typically higher.

That's why the ISA Summit focused on power-related issues and how to meet this challenge. Semiconductor companies are trying to develop low-power chips, yielding longer battery life, and India can help in this area by offering local applications in the telecom, automotive, industrial electronics, and consumer electronics markets.

This year the India Semiconductor Association is planning to focus on microcontrollers that have power-saving features as part of its plan to create a niche market for manufacturers in the country.

50 comments on “India Wants a Role in Semiconductor Production

  1. Nemos
    March 28, 2011

    Indeed , I have notice that a lot of jobs in embedded software programming is in India. India is emerging power in electronics and particular in semiconductor production.

     

  2. jbond
    March 28, 2011

    India has a lot of things going its way to help with this process. They have a growing economy, plenty of skilled workers and they aren't land locked. As you stated one of their biggest problems is their power infrastructure. Once they can establish a reliable power grid manufacturers will start to take notice in India and its vast potential.

  3. Mydesign
    March 29, 2011

      Yes Jbond, One of the major topics for Vision summit is about power related issues and how to beat such drawbacks. Federal government has a plan for power grid, which can assure the uninterrupted power supply for fab units in semiconductor industry. Central Power Research Institute (CPRI) had submitted a details feasible study report and waiting for the green signal from ministry.  At the same time semiconductor industries are trying to develop Low power consumption devices and chips, yielding longer battery life. 

  4. Mydesign
    March 29, 2011

        Nemos, you are right. India is one of the countries having much advancement both in technology and space sector.  That’s why many of the global players started their R & D centers in India, for space application even Nasa is in collaboration with Indian space research organization (ISRO). They have also more than ten super computers in Tera Flop ranges and ISRO having its own satellite launch vehicles, satellites, moon mission etc. One of the major advantages of India is its stable administration and good foreign investment policy.

          Geographically India is placed at a strategic location in Asian continent, which is well connected by both air and sea. So it can be easily accessible by both the west and European countries easily. Some of the major intercontinental under sea networking cables have landing points in India and hence the countries internet connectivity is also very high. More over with in the country, all points are well connected by high speed optical cable network called National Knowledge Network and Grid Garuda. India also have high density in mobile users, bank accounts, TV viewers, Internet users etc. These are some of the key factors, which can influence the foreign investment agencies.

  5. mfbertozzi
    March 29, 2011

    Personally, I trust Toms; India geographical position and stong expertise acquired previously especially in processes and sw development. They became also leader in outsourcing and off-shore (it was another topics discussed at EBN some weeks ago), I believe India could bring several benefits playing a key role in semiconductor production.

  6. Adeniji Kayode
    March 29, 2011

    India is another country to look out for in market in the 21th Century. I am not surprised though.India has been a bit slow but consistent in making progress in the area of Elctronics and IT recently and with that, She is really gaining recognition in the world market.

  7. Mydesign
    March 29, 2011

       mfbertozzi, In 2007 Government had announced a Semiconductor Policy, which includes incentive package for manufacturing of semiconductors, LCD, Organic LED, Plasma Display Panels etc. After the announcement of policy, more than 20 companies have submitted proposals with a total investment of INR 1.48 trillion and The Department of Information Technology, gave in-principle approval to 15 companie. The committed investment from these 12 projects is approximately INR 70,000 Crore.

       The India Semiconductor Association (ISA) have worked with the Government to initiate a favorable policy, for encourage investments in semiconductor manufacturing and inturn improving the country’s semiconductor ecosystem in a structured and planned manner. After being in operation for the past 4 years, however, the key objective of the policy is yet to be completely realized. The global economic downturn of 2008-10, resulted in declining demand from electronics OEMs, forcing semiconductor companies to curtail production and defer investment decisions. This economic scenario adversely impacted the success of the semiconductor policy.

  8. mfbertozzi
    March 29, 2011

    Thx Toms, you are right; currently scenario could be not in positive trend; anyway my personal feeling (it's only a personal opinion), India could fast recover its original plan, because of strategic interest from West (with possible impact on electronic market in China) in the sense that Western people and management have experienced in the past good way to work with indian companies, several relationships were in place since a long ago even relationships with Chinese companies are totally new also regarding their different attitude and mindset. What do you think about?

  9. Mydesign
    March 29, 2011

       Adeniji, India had already proved that it is one of the best places for IT industries and may continue this trend for the next couple of decades. India has highly educated talented man power pool and good English speaking professionals.  After India open’s its market for globalization and foreign investment, it always has a steady graph of growth from 90’s, which is above 10%. According to Goldman Sachs predictions “from 2007 to 2020, India’s GDP per capita in US$ terms will quadruple and Indian economy will surpass the United States (in US$) by 2043. In spite of the high growth rate, the report stated that India would continue to remain a ‘motor for the world economy’“. I think India can develop further in the electronics industry by focusing on higher level manufacturing activity, design, prototype etc rather than high-volume manufacturing.

  10. Mydesign
    March 29, 2011

       mfbertozzi, You are right; it can be of both ways. Many Indians are in top most positions with western companies; they can drive their relation for investments in India. I mean they can be the ambassadors for Indian industries and investments. At the same time, many western peoples had good relations with Indian companies too, so to bridge the relation they can build up a collaborative team for investment and can make advantage of booming market. When compare with China, lots of opportunities and possibilities are available in India, but due to certain factors and lack of guidelines MNC’s are not able to take much advantages of that.

  11. SunitaT
    March 29, 2011

    @jbond,

      I agree with your point that biggest problem is power infrastructure.  The only way to solve this problem is build new nuclear power stations. Infact India is planning to build India's largest nuclear power project at Jaitapur. But after the Japan nuclear disaster, the project has taken a hit. Needs to be seen if India persists with growth or safety.

     

  12. Mydesign
    March 29, 2011

        @bond you put it in right way. Jaitapur (Maharashtra), kakrapar (Gujarat), Rawatbhata (Rajasthan) and kudankulam (Tamilnadu) are the upcoming Nuclear power projects. India has world’s second largest population, by contributing 17.5% of  world's population in 2.4% of world's land area. But due to the high population density (943.9 per square mile) and in view of Japan disaster, previous Chernobyl and Bhopal gas tragedy, nuclear plants are not feasible always. So we have to look for Alternate source of energies like solar, wind, tidal waves etc.

  13. tioluwa
    March 29, 2011

    India has done really well with software development, but i just only realisizing how far India has also developed in electronics design. This post just goes to give me greater insight into this.

    I look forward to seeing what India will bring forth in the coming years.

    However, i believe the focus on low power will be for a short while depending on how fast the country can tackle the issue. Low power devices will meet the need of the market now but i see it as a short term focus.

    Focus should also be in getting a foot hold in a subsector of the electronics market.

  14. Adeniji Kayode
    March 29, 2011

    Thanks for that Toms, the info is really amazing. Should we expect to see india taking over the more and gaining more ground in the market if the problem of power is checked?

  15. SunitaT
    March 29, 2011

    @Toms,

      It is really disappointing to see that India doesn't have even a single fab unit whereas countries like Japan has 50+ fabs. What do you think the major reason is for this absence of fab's in India? Is it a infrastructure problem or investment problem ?

    There was a news that SemIndia was planning to start one fab in Hyderabad. Any updates on that ?

     

  16. elctrnx_lyf
    March 29, 2011

    The reason why India is not becoming a hub for semiconductor is not because of power or natural resources or laboor. Inida has everything but what it doesn't have is good governamental policies to make the investments simpler. As Tom said even after four years years of forming a comittee, there is no real useful outputs till now. I wish the governement will put in little effort to being in the companies.

  17. sifarmer
    March 29, 2011

    From a US Gov't Security standpoint, fabs in India should be a much safer source of chips than the concentrated Far East fabs, all subject to Mainland Chinese interference.

  18. Backorder
    March 29, 2011

    Semiconductor manufacturing industry is at the cutting edge of technology and the ideal environmet for it to function, as it needs to function, would require an efficient infrastructure and transparent and healthy political framework. Without a doubt, the levels of red tape and corruption visible in India are a massive roadblock. If I were to setup a nuclear power system or a semiconductor fab, I d have to think twice before comitting investments in these industries.

  19. Mydesign
    March 30, 2011

       Tioluwa, Indian semi conductor industries are facing many problems and power is only one among them. Since users are keen for portability of devices, power would be a problem for any device at any part of the world, hence it is prioritized. The main point is how to address the bottle necks, for growth at par with the IT. Government had already started the initiatives and hope it will be in a fruitful way, within a couple of years.

  20. Mydesign
    March 30, 2011

        Adenji, in 2007 government had made a semiconductor policy for the growth of semiconductor and associated industries. Since lots of government funded projects are happening (UID, chip based passport etc), they are very keen in promoting the semiconductor industry. Government had already started the initiatives and hope it will be in a fruitful way, within a couple of years. One among the latest news is, Freescale is planning for a fab unit in Tamilnadu.

  21. Mydesign
    March 30, 2011

         Tirlapur, In 2007 SemIndia had announced that they have a plan for investing 75 million USD in first phase for assembling, testing, marketing and packing plant in Hyderabad fab city. There after further investment of 750 million USD for setting up semiconductor chip manufacturing facilities in Second phase and 2.25 billion USD in third phase. For this purpose government had allotted 78 acres of land and other necessary infrastructure facilities.

        Semindia had invested nearly 55 Crores for creating infrastructure facilities, but due to recession and economic slowdown nothing worked out. So they failed to implement the project within the timelines as stipulated in the MoU and finally government issued orders for resumption of allotted land to SemIndia Fab Pvt Ltd by stating “failed to fulfill any of the obligations in bringing investment and creating employment”.At the same time, SemIndia has opted for a new business model. Instead of the proposed standalone, third-party fabrication unit, it is planning a designing and manufacturing one focusing on innovation.

        The other major ongoing projects are Nano Tech Silicon India ($2 billion), Solar Semiconductor ($1 billion), Titan Energy Systems ($750 million), XL Telecom & Energy ($75 million), KSK Energy ($70 million) and Embedded IT Solutions ($5 million) which are all setting up shop in Hyderabad’s Fab City. Reliance Industries has also expressed interest in setting up a semiconductor project. All the semiconductor proposals and projects got delayed because of the global recession and economic slowdown.

  22. Mydesign
    March 30, 2011

        Elctrnx_lyf, you are right. India has everything like necessary infrastructure, skilled manpower, connectivity etc. All other sectors including IT & BPO industries are making use of such facilities. But when it comes to semiconductor industry, we are lagging much behind than China or any other countries. Lack of proper guidelines and policies, may be one among the different reasons. Now lots of government funded projects are happening and more over, government had realized the need for growth of semiconductor industry. They are very keen in promoting the semiconductor industry and started the initiatives.  Now DIT is doing a feasible study for Indian version of microprocessor and hope it will be in a fruitful way, within a couple of years.

  23. Mydesign
    March 30, 2011

       Sifarmer, I am not able to comment on that. But one thing is right, since India and US are in good terms of relations, it may be safer always. As per the current situation, it will take some more time for a “made in India” chip. Still all projects are either in pipeline or paper works. The government had realized the need for growth of semiconductor industries and started the initiatives.

  24. Mydesign
    March 30, 2011

        Backorde, you are right. For growth of any industry good infrastructure, transparent and healthy political frame work, guidelines and policies are needed. India has world’s second largest population, by contributing 17.5% of world’s population in 2.4% of world's land area with a high population density of 943.9 per square mile. So unlike IT or BPO, setting up of industries and factories are not so easy. India is a democratic country and government has to consider and address the different issues like environmental, employmentl, rehabilitation, infrastructure, supply chain etc. The semiconductor fab units can create lots of such public issues and most of the time all these issues become very sensitive. That’s may be one of the reason for a second thought, before investment in semiconductor and huge infrastructure needed projects.

  25. Backorder
    March 30, 2011

    There was a time, not too long ago, when a leading semiconductor company, Intel if I am not mistaken,  had crystallized proposals to set up fab in India. Unfortunately, the regualtory system aka red tape made sure that the billions of dollar in investments found their way to east asia.

  26. Anna Young
    March 30, 2011

    India semiconductor industry growth sound promising, provided various local related issues and political challenges are put in check. Manpower is there; I seriously hope that the expected sales target is achieved, all things being equal.

  27. maou_villaflores
    March 30, 2011

    This is actually one of my apprehension about India. But I guess the government already learned their lessons from Intel. I guess it would be better  if the India government will review their foreign investors and labor law codes/policy in order to protect the foreign investors and attract more  business in their country.

  28. maou_villaflores
    March 30, 2011

    This is actually one of my apprehension about India. But I guess the government already learned their lessons from Intel. I guess it would be better  if the India government will review their foreign investors and labor law codes/policy in order to protect the foreign investors and attract more  business in their country.

  29. Mydesign
    March 31, 2011

       Backoder, you are right, such things are happened before 2007. Companies like Intel, SemIndia, Philips etc faced some problems, after announcing their investment plans. But now the scenario had changed and government had realized the need for growth of semiconductor industry. They are very keen in promoting the semiconductor industry and started the initiatives. As a part of that, they had extended the key policies and guidelines till 2015. Now investments are happening in semiconductor sector including the fab from Freescale. Some of the major ongoing projects are Nano Tech Silicon India ($2 billion), Solar Semiconductor ($1 billion), Titan Energy Systems ($750 million), XL Telecom & Energy ($75 million), KSK Energy ($70 million) and Embedded IT Solutions ($5 million).

  30. Mydesign
    March 31, 2011

        Anna, The growth of Indian semiconductor industry is sound promising. The domestic demand for electronic equipments is the major driver.  Latest market studies from industry bodies project a “market opportunity of $37.1 billion for electronics industry in 2011. By end of 2011, India's share in the global semiconductor market is expected to be 3.19% and will be one of the fastest growing semiconductor markets globally”. Government had realized the need for semiconductor industrial growth and major investments are ongoing.  We have a hope that within a couple of years everything would be in fruitful way.

  31. Mydesign
    March 31, 2011

       Maou_villaflore, the problems are not with foreign investments or labour codes or policies. India has everything like necessary infrastructure, skilled manpower, connectivity, good foreign investment policy etc. All such things are in force and other sectors including IT/BPO, Automobiles industries are making use of that. Even India had more than 10 automobile plants including BMW, Ford and Hyundai. The main factor is India didn’t prioritize semiconductor growth still 2007. Now government is very keen for promoting semiconductor and telecom industry. As the part of this ongoing policy DIT had started feasible study for Indian version of microprocessor and hope it will be in a fruitful way, within a couple of years.

  32. SP
    March 31, 2011

    I agree India is soon going to be a player in this area. Hope government policies supports this desire further.

  33. Mydesign
    March 31, 2011

     SP, of course. Within a couple of years India becomes one of the leading players in semiconductor industry.  Just wait and see, thats the best way

  34. Backorder
    March 31, 2011

    You mentioned Fab from Freescale, thats news to me. More details?

  35. Mydesign
    April 1, 2011

       Backorder, Freescale have a plan for setting up a fab unit in Chennai near to Nokia plant. The main aim behind this movement is to tap the requirement from local markets like Nokia, Alcatel, visionics etc.  Officially still they had not announced anything because of the state election, going to happens in April. Last February top officials from Freescale had a discussion with IT secretary to Tamilnadu government, for seeking permission and the infrastructure for setting up the unit.  Once it’s officially announced, I can update you with details.

  36. t.alex
    April 2, 2011

    This is not surprising as India has been playing an important role in establishing R&D related to electronics and semiconductor. Building fabs, why not?

  37. Mydesign
    April 4, 2011

         t.alex, yes now a day’s government is focusing much in electronic sector, including semiconductor electronics. This is mainly because of the huge requirement from internal market and possibility of Chinese spy ware through imported semiconductor chips and equipments. We can expect a fab unit very soon either in Hyderabad or Chennai. Background processes (paperwork and single window system) are happening and due to elections in some part of India, the respective governments are slow down the process. Probably there is a chance to draft the investment policy during ELITES-2011 which is going to be, happens in April 4th and 5th.

  38. t.alex
    April 9, 2011

    Toms,

    yes, only with a more transparent and seamless government system can India make these happen. China has spent much effort on improving the system for long time.

  39. Mydesign
    April 9, 2011

       t.alex, everything can be possible with transparent and seamless government support. Semiconductor Startup Company may need $50m – $60m as initial investment. Lacks in advanced angel investor culture, which focuses on funding and advising hi-technology startup companies, could be the main reason.

       Most startups require funding, after they exhaust the initial capital. But at this very early stage, typically no venture capitalists will invest less than $1m and in such situation, angel investors can typically fill the gap for funding. It is estimated that in US, 300K to 600K angels, invest $40B in over 5000 companies per year. However, the risk associated with an angel round is very high and they lose the money outright in many cases. In order to normalize this, they look for investing in companies that have the potential to offer 10X returns on investments. Sadly, India does not have a culture of angel investments yet, maybe because the hi-tech industry is immature and not too many successful hi-tech entrepreneurs. A few networks exist, but their exposure to hi-tech is very limited.

  40. Ashu001
    April 9, 2011

    Toms,

    Great post!!!

    You raised two very real bottlenecks which stop the rapid Growth of the Semiconductor Manufacturing in India.

    1)Power Shortages.

    2)Abscence of Critical Finance.

    I would like to add two more

    3)Poor Infrastructure(especially to Key Markets ,inside and outside the country)

    and

    4)Lack of adequate quality Water Supply

    Then there is the big-big issue about China and Chinese dumping.

    India shares a very porous border with Nepal(also bordering China),from where its very easy to get cheap stuff from China.

    If that stuff comes in(which will amount to nothing more than wholesale dumping of Chinese products);it will be very-very difficult for Legal Manufacturers in India to compete with this.

    [We all know how the Implicit and explicit subsidies provided by the Chinese State to Chinese Manufacturers today]

    Still I think for Niche Semiconductor Manufacturers (who focus on Quality products at the lowest price with Specific Warranties in place);should be able to do very-very well in India.

    Regards

    Ashish.

     

  41. SME_Business_services
    April 9, 2011

    Semiconductor consumption in India is still too small (per In – Stat only about 1 percent of the world production) to tempt established Semiconductor houses to part with their proprietary technologies, and is expected to remain so for the next 3 to 4 years even if it grows at a CAGR of 30 percent. Current semiconductor usage in India is some $1.5 billion per year – distributed over a wide variety of applications (analog power devices, amplifiers, ICs, digital logic, processors, memory etc) that require a range of incompatible Fab technologies (CMOS, BiCMOS etc). From a strictly business standpoint no single state of the art Fab (95 nm, 300 mm, min. 300 k wafers per yr) can be operated economically atvthese levels.

    Thanks,

    SME blog-Top b2b blog india | manufacturers business blog | b2b marketplace blog

  42. Mydesign
    April 11, 2011

        Ashish, you are absolutely right, I had pointed out the minimal. If we are analyzing the bottle necks, we can find ‘n’ number of factors, including your points.  Indian market cannot beat Chinese products, because of the cheaper price and quality. If we are talking in terms of business, the basic reason is India’s low per capital income. If per capita income is more, then the purchasing power increases and hence most of the people would prefer quality products. As a county, India cannot ban importing from China or any other countries due to different treaties existing between these countries.

        Alternately some of the possible ways are educating the peoples against Chinese products (less effect), equip (like china) with low cost gadgets by government subsidiaries. Since India have 121 crore population, mass production can also lower the cost factor and the best way is making the same product with different quality and price, by targeting different economic levels of peoples

  43. Mydesign
    April 11, 2011

        SME_Business_services, According to the latest survey the Indian semiconductor market revenue becomes $8.04 billion in 2011 from the existing $6.14 billion, with a Compound Annual Growth Rate of (CAGR) 22.1 %. During the same period Total Semiconductor Available Market (TAM) is forecasted to grow at CAGR of 34.8 percent, which is far higher than total market and with TAM revenue of $4.84 billion in 2011. This is due to the penetration of mobile phones, personal and home electronic appliances into rural India and the masses.

       It is assumed that 1.21 billion population can be roughly assessed $20 to $30 worth of per capita semiconductor consumption, resulting into India consuming 24.2 billion $ to 36.3 billion $ worth of semiconductors. To reduce the manufacturing cost and also to reap local advantage, companies like Nokia had set up manufacturing plant in Chennai. Nokia's buys much of the electronic devices/ semiconductor components from local market, which resulted in increase of semiconductor sales in India

  44. Kunmi
    April 11, 2011

    It is very possible for India to share a role in Semiconductor production. The Indian government may step into it but the critical challenges of power failure, and other economic challenges may impact stability and continuity of such a business idea. The Question that may even arise is the degree of demand for the Semiconductor products within the immediate environment. I  believe the best is yet to come!

  45. Mydesign
    April 11, 2011

       Kunmi, yes the best is yet to come. Since India have 1.21 billion population, it is estimated that India can consume 24.2 billion $ to 36.3 billion $ worth of semiconductors. To reduce the manufacturing cost and also to reap local advantage, companies are buying much of the electronic devices/ semiconductor components from local market, which resulted in increase of semiconductor sales in India. 

        The basic requirement for any manufacturing and design industry for succeeding are leading edge technological capabilities and availability of local market. Presently India has both these two factors. The most essential factor for manufacturing is the availability of raw materials i.e. components which includes hundreds of varieties of electrical and electronics components along with semiconductor ICs and other precision components. There is only a thin skeleton of such suppliers in India. This need to be strengthened by helping struggling passive and discrete-semi electronic component manufacturers with technology-support in making the latest components but at competitive prices.

  46. t.alex
    April 14, 2011

    Toms, I have seen India having lots ODM and OEM. Definitely having a local supply of semiconductor is of great advantage for the production process. Currently they need to go through local distributors to get the components.

  47. Mydesign
    April 15, 2011

       t.alex, you are right. Even though Indian semiconductor industries are lagging in fab sector, country has a large number of OEM and ODM companies. They are normally backing up with a well connected supply chain, by local and global players. Recently Lattice semiconductor and Strontium expands their operation in India. As of now, almost all OEM and ODM companies are depending on such channels for their requirements. Hope the scenario may change within 4-7 years.

  48. mfbertozzi
    April 15, 2011

    Toms, as posted a few weeks ago, I agree with your interesting editorial and also with posts below. In particular they allow me to provide a new starting point. While production quality is good, I was thinking other countries are approaching the market, pay more attention to investments in marketing and advertising. Are you think indian manufactures have the possibility to improve also in that segment or is not necessary for playing a key role?

  49. Mydesign
    April 15, 2011

        Mfbertozzi, advertisement is also one of the key factors for investment and business. But again advertisement for investment and products are different. India had done a bit of advertisement for IT/BPO sector and successful because infrastructure is not a big constrain for IT, the only requirement is seamless Internet connectivity and talent. More over initial Investment is also less.

        But for semiconductor industry the entire scenario is different. Infra structure is a big constrain, apart from that   availability of raw materials including electrical and electronics components, semiconductor ICs and other components, power, internal market etc are very much required. Since this sector requires huge investments, without creating the facility, there is no pint in advertisement. So the basic is creating environment and facilities, then advertisement about the merits of doing business. Then only it would be successful.

  50. Ashu001
    May 7, 2011

    Kunmi,

    there is no doubt in my mind that the potential for explosive Growth in India is HUGE;especially in Rural India where penetration of electronic Devices is still very,very limited.

    But the big problem remains Infrastructure[The lack of it and obstacles to it].

    It is very difficult to get land in India for large Infrastructure projects(because you have to go through so many different authorities and layers and layers of bueracracy).

    Regards

    Ashish.

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