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Date: 05/07/2024

Electronics mfg seen at $300 bn by FY27, says Dixon Technologies

Electronics manufacturing service (EMS) industry in India is expected to touch almost $300 billion by 2026-2027, said Mr Atul Lall, MD of Dixon Technologies. Within the sector, the biggest opportunity is smartphones, making it the largest trigger of growth for the company. He sees 200–250% growth in the telecom space as the company has added new products in its joint venture (JV) with Airtel. According to him, the company should be touching 20–30 million units of mobile in the current fiscal year, and the execution is going as per plan. In FY26, the company guided for 20% growth on these 30 million units. So it should be 35–40 million units in FY26, he mentioned. Dixon Tech is sitting on 50% of India’s Android capacity. The company has also launched its refrigerators, the commercial production has started and the order book is very good, as per a report.
 
Source: Exim News Service: New Delhi, July 4 



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