EMS has huge growth prospects for next five years; 5 direct & ancillary plays to bet on: Narendra Solanki

Narendra Solanki, Head Fundamental Research-Investment Services, Anand Rathi Shares, says India’s Electronic Manufacturing Services (EMS) sector is poised for substantial growth. Consumption of electronic goods is expected to triple by FY28. EMS share will also increase significantly. Government support is boosting chip manufacturing and ODM. Supply chain shifts from China are underway. New manufacturing plants are being established, focusing initially on high-volume, low-margin products but gradually shifting to high volume, low margin businesses.