India is largely dependent on import for telecom equipment. Domestic production of the same has been negligible as compared to imports. Chinese and European companies, leveraging on this deficiency, are catering to the needs of the country with wide range of telecom equipment products at competitive price points.
However, the Government of India has realized the essentiality of domestic production of telecom equipment and hence has come up with a number of policies and perks to enhance the same in the country. Apart from allowing 100% FDI for telecom equipment manufacturing, the government is also setting up telecom centers of excellence across India to promote domestic manufacturing. In 2012, the Union Cabinet approved INR 100 bn as financial support for the development of electronic manufacturing clusters while recently, additional INR 100 bn was approved to promote large scale manufacturing in India. This presents the best time for mobile accessory companies to establish manufacturing units in India. On the export front, India is gradually picking up pace, principally with export of mobile handsets.
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Rapid growth in telecom subscriber base, and introduction of 3G and 4G induces telecom equipment requirements across the country. With rising usage of 3G services and adoption of 4G technology, the need of telecom equipment will only rise as service providers enhance their capability to handle more users and service requests from across the country and beyond.
Foreign telecom equipment companies, however face heat from Indian security agencies over probabilities of threats from their products. This, however, creates opportunity for telecom equipment companies having manufacturing facilities in India.
Telecommunication in India being one of the prime support services essential for rapid growth and advancement of various sectors of the economy, future prospect of telecom equipment market looks promising. Government initiatives, policies and reforms in the Indian telecom industry provide further encouragement in this aspect.
Spanning over 96 pages, “Telecom Equipment Market in India 2013” report presents an in-depth assessment of the telecom equipment market in India till 2016.
In addition to covering the market overview, drivers and challenges, market trends, competitive landscape and strategic recommendations the report also presents comprehensive forecasts for the market till 2016. The report covers 14 key industry players namely Bharti Infratel Ltd., ITI Ltd., Kavveri Telecom Products Ltd., Sterlite Technologies Ltd., Alcatel-Lucent India Ltd., ECI Telecom India Pvt. Ltd., Ericsson India Pvt. Ltd., Huawei Telecommunications (India) Co. Pvt. Ltd., Icomm Tele Ltd., Nokia Siemens Networks Pvt. Ltd., Reliance Infratel Ltd., Tejas Networks Ltd., Teracom Ltd., Viom Networks Ltd.
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