Several technology companies, including electronics, mobile devices, and automobiles, could not meet their production target due to a shortage of electronic chips.
Indian electronics companies need to partner with major suppliers to mitigate the crisis situation that various stakeholders are facing in the supply chain, a senior official said. Due to shortages of electronic chips, many companies related to technology like electronics, mobile devices, and automobiles are unable to meet production targets.
Several technology companies, including electronics, mobile devices, and automobiles, could not meet their production target due to a shortage of electronic chips. To boost the semiconductor industry, South Korea has said that it would invest USD 451 billion n the next 10 years to support the semiconductor ecosystem. In fact, India is also eyeing ways to attract electronic chipmakers.Â
The ambition is very high and there are supply chain constraints, the possible solution can be mutual to address the global supply chain crisis. In a CII event, IT secretary Ajay Sawhney asked to make a list of the most prominent supply chain stakeholders. He further added that organizations including CII can play a role in convincing some of the key supply chain players to come to India at least in another two to three years.
In a CII event, IT secretary Ajay Sawhney asked to make a list of the most prominent supply chain stakeholders.
He said that the global supply chain simply implies the fact that the country will never be self-sufficient in this regard. However, efforts can be put to balance what comes in and what goes out. Sawhney asked to create an ecosystem for the global supply chain to address various issues concerning the disruptions caused by the supply chain crisis. He pointed that the demand for electronics is gaining momentum in various segments including medical electronics, consumer electronics, defense, and solar panels, with cars joining the electronics segment as a new player. Moreover, now wt a greater push for electronic vehicles, there can be an increased moment in the electronics segment.
Sawhney highlighted that the government is taking many initiatives in this regard to address the issues faced by the industry presently. It can be predicted that there will be a certain direction in this regard in the coming three months. In another development, it has been observed that theÂ Indian PC shipments for the third quarter of CY21 touched a total of 4.5 million. It is bigger than the total yearly consumer shipments in 2019, a year before the pandemic hit.
This resulted in many brands posting the biggest quarters for PC shipments. The Indian PC market that has seen five straight quarters of annual growth may be heading for softer growth as the education sector moves offline as well as due to supply chain issues.Â