Indian mkt nearing inflection point: TI

Though India presently accounts for an insignificant part of Texas Instruments' global market, the semiconductor major is viewing the country as an emerging market poised for an inflection point in the near future.

The $12.5 billion firm, which kicked off the offshoring wave from Bangalore in the early 1980s, said on Tuesday India is witnessing tremendous growth in the entertainment and telecommunication sector which will drive the growth for the semiconductor industry here.

Said Biswadip Mitra, MD, TI-India: "There is hardly a market, other than India, which is adding approximately 2.5 million mobile subscriptions a month. Adding to the growth is the entertainment industry, a result of which is the growing demand for consumer electronic products. We are bullish on the India and in addition to leveraging India as a resource base, this should be an attractive market for us in the near future."

This statement gains significance as its comes on the eve of Texas Instruments' Developers Conference in Bangalore.

"We continue to drive frontiers of semiconductor technology production, allowing our partners and customers to enter the market rapidly with creative new applications," said Hans Stork, CTO and senior VP, TI.

"Each year, we see more and more designs emerging from India for world market. The ecosystem for small and large companies developing complete customer solutions on TI platforms has grown significantly in the last five years. The focus this year will be largely on new products and applications," added Mitra.