Chennai, 23/01/2024 — ELCINA, the Electronic Industries Association of India, takes immense pride in announcing the commencement of the “13th Source India Electronics Supply Chain event,” on the 23rd and 24th of January 2024, at the Chennai Trade Centre. This event marks ELCINA’s continuous efforts to fortify the foundation of India’s Electronics Manufacturing Value Chain.
The Source India initiative, conceived during visionary discussions with Nokia in 2009, has evolved into a strategic initiative addressing the burgeoning challenge of supply chain dependencies. Recognizing the importance of a robust supply chain, ELCINA leadership took the initiative to organize Source India.
As India’s electronics industry witnesses unprecedented growth, exceeding US$104 billion with a target of US$300 Bn, Source India has played a pivotal role in this trajectory over last 12 years. The event strategically focuses on strengthening the Electronics Value Chain by promoting domestic value addition, innovation, research and development. Over the past 8-10 years, manufacturing has witnessed a remarkable five-fold increase, with platforms like Source India facilitating crucial connections between buyers and sellers.
“The Source India Electronics Supply Chain Event is not just an exhibition; it’s a catalyst for growth, innovation, and collaboration. As we navigate the evolving landscape of the electronics industry, Source India continues to play a pivotal role in fostering a resilient and self-reliant ecosystem. Tamil Nadu is the ideal location for this forum to deliver highest value to the ESDM industry,” remarked Shri Atul Lall, President ELCINA & CEO, Dixon Technologies.
Tamil Nadu, recognized as a hub for the electronics manufacturing services (EMS) industry in India, has attracted global companies with a significant manufacturing or R&D presence in the state. The region has also attracted a diverse range of mid and large domestic EMS companies. In the fiscal year 2022-23, Tamil Nadu witnessed a remarkable surge in electronics exports, reaching US$5.37 billion, nearly tripling the previous year’s figure of US$1.86 billion.
For the period of April-October 2023, Tamil Nadu’s electronic exports stood at $4.8 billion, showcasing a month-on-month rise of 60% from $500 million in September to $817 million in October.
Chief Guest Hon’ble Industries Minister Dr TRB Raja graced the occasion and addressed the participants. Minister TRP Raja highlighted Tamilnadu’s achievement of signing over 631 MOUs in the Global Investors Meet. Emphasizing the Dravidian model’s focus on inclusive job distribution, he stressed the significance of job quality over mere investment amounts. Pointing out the pivotal role of Tamilnadu’s women workforce, he noted that 43% of the state’s working women contribute significantly to both state and national economies. Expressing the Chief Minister’s vision for Tamilnadu to become a Trillion-dollar economy, he underscored the importance of upskilling talents through collaborations with companies from Germany, Japan, and other nations. In conclusion, he reiterated the government’s commitment to inclusive growth and social justice, even within the electronics sector.
The Source India Electronics Supply Chain Event features a comprehensive three-pronged approach: an Exhibition boasting more than 170 industry participants, a two-day Conference themed “Energizing India’s Electronics Industry for Global Value Chain,” and over 300 B2B Meetings. The Exhibition serves as a dynamic platform for B2B engagement, showcasing cutting-edge products and services. The Buyer Seller Platform, a unique initiative by ELCINA, aims to transform opportunities into tangible business deals through meticulously scheduled meetings.
Taking the vision of Source India to new heights, the Source India Portal conceived by ELCINA is an ambitious project aimed at integrating the entire electronics industry. This online platform serves as an electronic database, harmonizing manufacturers of raw materials, components, assemblies, and finished products. By seamlessly linking them to the global market, the portal aims to enhance self-reliance, boost exports, and reduce import dependence.
The Source India Electronics Supply Chain Event stands as a testament to ELCINA’s commitment to facilitating India’s journey towards becoming a global electronics manufacturing hub.