Economy

‘Strategic electronics business could grow to Rs 2-lakh crore'

Vinson Kurian Chennai | Updated on January 07, 2011 Published on January 07, 2011

Focussed development efforts necessary, says Director, R&D, BEL





The strategic electronics sector in India may be small currently, but it has the potential to grow to around Rs 2 lakh crore in business over the next decade.

Stating this at a presentation made at the ongoing 98th Indian Science Congress at the SRM University here, Mr I. V. Sharma, Director, R&D, Bharat Electronics Ltd, Bengaluru, said the strategic electronics sector constitutes roughly six to seven per cent of the electronics market in the country.

This includes radars, underwater electronics, communication equipment, electronic warfare equipment, satellite communication and homeland security solutions.

These systems are mainly for Defence applications while some others such as radars and communication systems are used for civilian applications also.

According to industry estimates, the strategic electronics sector is projected to grow at a compounded average growth rate of 20 per cent.

Products and systems are becoming more and more software-intensive, which makes it imperative that special focus be applied to the development of the required software solutions.



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Published on January 07, 2011
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