Rs 4.4 Lakh crore opportunity: Emkay sees 40% growth for India’s EMS giants – Syrma, Dixon, Kaynes in focus

Electronics manufacturing in India is transitioning from assembly to components and design. In fact, Indian electronics manufacturers could see revenue grow more than 40% annually over the next five years, according to the latest sector report by domestic brokerage house Emkay Global Financial Services.

EMS companies are seen benefiting from deepening manufacturing capabilities backed by government capital subsidies, increasing domestic value addition, improving cost structure through domestic sourcing and substituting imports to grow domestically.