Small and medium enterprises ride piggyback on cellphone boom

Small and medium enterprises (SMEs) are making their presence felt in the electronics market as the mobile manufacturing segment sets a scorching pace of growth.

In fiscal 2018, the electronics sector is estimated to have seen its revenue jump 21 per cent year-on-year to Rs 3.86 trillion. That growth rode on a 45 per cent-plus spurt in the mobile phone manufacturing segment, which constituted about 34 per cent of the total market.

SMEs accounted for nearly a third of the electronics sector revenue pie, with varied share in different segments. 

To be sure, SMEs have a huge presence in the