Bright future for the Indian electronics industry foreseen
STMicroelectronics hosted a special event, "ST DAY in India", in New Delhi, which took place in the presence of Thiru Dayanidhi Maran, Minister of Communication and Information Technology, and Shir Jainder Singh, the IT Secretary. During the event, senior managers of the company presented strategic overviews of the world and the regional electronics and semiconductor markets, with particular emphasis on the rapidly growing Indian electronics market. With industry analysts expecting electronics manufacturing in India to grow at a rate some 5.5 times greater than the overall worldwide growth rate, India is poised to become a major player in the worldwide electronics manufacturing industry and ST emphasized the depth of support and the breadth of products, platforms and technologies that it offers customers in India.
"We are committed to using all our skills to support the rapidly-growing electronics manufacturing industry in India," said Vivek Sharma, STMicroelectronics' Vice-President Emerging Markets Region and Director India Design Centre. "We are able to offer support to our Indian customers because our Greater Noida R&D centre, which has grown from four people in 1987 to over 1700 today, has been closely involved in developing so many of our important products and platforms."
