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The electronic manufacturing services (EMS) sector is riding on structural growth drivers, including supportive policies and strong demand across sectors, like auto, industrial, consumer durables, energy, defence, medical, infrastructure, etc.
Apart from the large domestic market, the China-plus factor is helping exports. This is a competitive market characterised by low margins and high volumes. EMS in India is expected to hit ₹27.7 trillion by FY28, which implies over 25 per cent annual growth between FY23-28 when it was valued at ₹8.4 trillion.
Policy support includes incentive schemes and other measures to encourage global players to set up manufacturing and increase
