Tracking the theme to observe in which sectors is India becoming a global partner of choice.
Can there be a larger shift of Lifescience Research towards India?!
A life science focussed real estate company, setting up large lab facilities for CROs. They have seen a surge in demand from CRO clients and start-ups in the space, with more and more global companies becoming vary of outsourcing their research to China.
This could be seen as a shift in the way Indian CROs work and they can benefit widely from the same.
- The company provides them an opportunity for adopting an asset light scale-up model.
- Will help incubate more startups in life science research space.
- Initiatives like these will help make the entire ecosystem more synergistic.
Above could also indicate that lifesccience research and innovation could finally gain traction in India.
#assetlightCRO, #assetlightCRAMS, #China+1
Electronics Manufacturing has seen growth past 5 years, and the story seems to just have started!
Part of #2lakhCrPLIScheme
Large scale electronics capital outlay Rs. 38,645 Cr. As of June 2022, the scheme has led to total production of more than ₹1,67,770 Cr including exports of ₹65,240 Cr.
All three Taiwanese Apple suppliers making iPhones in India are covered under the PLI scheme.
In FY22, Wistron and Foxconn exported phones worth over Rs 10,000 crore. This year, Apple’s partners in India are expected to export 11-12 million iPhones, up from 7.5 million last year. Its third vendor Pegatron started local assembly in April.
Tata Electronics, which has a manufacturing facility in Tamil Nadu, has been reportedly working with Apple to design and manufacture mechanical parts for the iPhone for nearly two years. Once the experiment is successful, Tatas could become a key player in Apple’s large global supply chain, which is concentrated in China.
The industry has seen a growth of 15% CAGR between FY16 to FY21. The expectation of next 5 years is to grow at double the above rate.
This could make electronic manufacturing the second largest export sector after IT, where current exports of industry (including software services, BPM software products, ER&D) stands at USD 156.7 Bn.