Domestic-made electronic components essential to fuel India’s vision of being a global manufacturing hub-Mrs. Nandini B., Director, TESCOM Pvt. Ltd.
There is no doubt that India is a growing economy with many new ambitions and milestones to be taken in the times to come. India aims to achieve a GDP of $ 5,000 billion and a digital economy of $ 1,000 billion. Growth signals an increase in consumption and more for a digital economy as it underpins the increase in electronics consumption. The electronics market was valued at 118 billion dollars in 2019-20 and the demand for electronic products is expected to reach $ 400 billion by 2025 in India. However, the country’s domestic manufacturing has not been able to keep up with demand, hence the astonishing fact that the bill for importing electronics is right behind the bill for importing the country’s oil. The figures are in the billions, for comparison, electronics imports amounted to US $ 33 billion in fiscal year 2020, simultaneously with oil worth US $ 87.79 billion of petroleum products in fiscal year 2020. Electronics imports accounted for about 38% of petroleum imports. It is imperative that the country take early steps to boost local electronics manufacturing to meet the growing demand for electronics and reduce dependence on imports while expanding export opportunities.
In light of the current scenario to get a good idea of India’s potential as an electronics manufacturing hub Mr. Akram Hoque, Founder-Editor of The Policy Times interviewed
Youtube link for the interview:https://youtu.be/zxjF0EH4VmA
Ms Nandini B., Director, TESCOM Pvt. Ltd. in the latest series of the “Global Innovator And Entrepreneur Show”. TESCOM is a leading and reliable EMS (Electronic Manufacturing Service) in Bangalore.TESCOM is a Leading and Reliable EMS (Electronic Manufacturing Service) in Bangalore. It is a company of over 30 years with strong expert services in various types of PCB assembly.
The Policy Times initiative “Global Fair for Innovators and Entrepreneurs” specially designed to nurture the start-up spirit and innovation of India towards new milestones.
Mrs Nandini, Please tell us a bit about yourself and your organization?
I am the director of TESCOM Pvt. Ltd. I have been in this field for over 15 years and my journey has been very interesting and informative so far. TESCOM is a subcontractor of various types of PCB assembly. The organization originally started in 1988 and at the beginning the organization specialized in the quality assurance of electrical components. However, the organization then migrated its service to PCB assembly since the miniaturization of electronic components, the manufacturer itself began to perform quality checks. Industries. The organization can take care of the assembly of printed circuits for any type of electronic product.
With modernization and automation, the demand for electronic products has increased exponentially in the country and created a large domestic market which in turn paved the way for TESCOM to multiply its operations.
How is TESCOM positioned differently in the market? How unique are your services compared to others in the market?
We provide comprehensive electronics manufacturing services in accordance with global standards. From the very beginning, we have focused on qualified service and improving our core competencies as well as rapidly evolving technologies. We have invested in advanced technologies for the manufacture of electronic equipment in various sectors ranging from medical, energy, automotive to entertainment. Our dedicated team, best practices and practices have always helped us meet global competitive standards.
Every business has challenges planted in its own way. The way we differentiate ourselves is the way we plan our service regardless of any economic or external shock to bring the best solutions to our customers according to their demands. We filter out nuisances and focus on increasing our skills, thus improving our services and our delivery with the best quality.
TESCOM is very well established on the national market. How do you plan to bring it to other parts of the country of its limitation right now as well as to the world?
TESCOM started with a small unit in Bangalore, but over the last 5-6 years we have grown significantly and expanded to several other units in Bangalore only. We also have fully operational manufacturing plants in Coimbatore and Hyderabad. Right now, rather than diversifying, we want to focus on sustaining the growth and profitability of these units.
As for the international market, we have a small amount of export factor in our company mainly from USA and Europe and in the coming years, we would like to increase the export to 25% of our business. total.
The development of the skills of our employees as well as of external people is another of our main areas of development in order to enable us to take on more skills-oriented projects. If we want India to be a global electronics manufacturing hub, we would need qualified people to realize this vision. Our mission is to grow with these people and take India’s manufacturing capacity to new levels.
Who are your stakeholders and what would be your message for the visionary growth you have planned for the future?
Our top priority at the time is skills development and for this, higher education institutions, especially colleges and universities, are our target stakeholders. It is only with a skilled workforce that we can stimulate collective growth and the best possible results. We are piloting several skills development projects with participants from North Karnataka and rural areas of Karnataka. We are making progress to include indigenous peoples in the project as well.
For our usual stakeholders, first and foremost our customers, my message would be that their success is our mission and for our suppliers, I urge them to maintain the support they have provided us so far.
India has a very ambitious vision to become a global manufacturing hub. What areas could the nation improve to achieve so that companies like TESCOM can fuel this dream into reality?
Any electronics made in India are mainly dependent on the import of components such as bare PCBs, laminates as well as assembly machines which affects the cost and delivery time for our customers which has an additional impact on their end users. If India is to become a self-sustaining manufacturing center, we have to make all three ourselves from bare PCBs, laminates and assembly machines. However, as we are part of a very well connected ecosystem, it seems like there is still a long time to go before India realizes its dream.
Any comments on milestone projects that reflect TESCOM’s work ethic and dynamism?
We have hit several milestones in our work lately. One was a large scale time limited project under PSU under the Indian government of EVM manufacturing. Another was the manufacture of fans which was a very time-limited and meticulous project. At the moment, we are undertaking an oxygen concentrator project, another new step for us. All of these opportunities have strengthened our growth and expansion in different verticals.
The program is chaired and mentored by Dr P. Sekhar, Chairman of Unleashing India, Global Smart City Panel, MTGF. According to Dr Sekhar, TESCOM is a fully mature company with a good job at their credentials and India’s rapid growth has also broadened their horizon. It is time for them to expand their vertical operations into national and international markets. Their growth path could also increase India’s chances and enrich the entire ecosystem.
For more details on Innovation, contact the promoter at Ms Nandini B., Director, TESCOM Pvt. Ltd. – M: +91 99020 75070 E: [email protected]