Allgo Embedded Systems Pvt Ltd started its operations in the year 2005. The company develops multimedia system solutions for automotive, consumer, and security markets worldwid
Electronics industry in India was rigidly controlled in the earlier years since it was originated in defence and space technologies. It was slowly opened with transistor radio, television and calculators. It was in 1982 during the Asiad games that India allowed import of large number of electronics and TV sets. Today the Indian electronics industry is pegged at USD 160 billion consisting of various segments like display technologies, optical storage devices, electro mechanical components and entertainment electronics. It has attracted global players like Solectron, Flextronics, Jabil, Nokia, Elcoteq apart from consumer electronics majors from south Korea ? LG & Samsung.
Model Economic Township Ltd (earlier known as Reliance Haryana SEZ Ltd) is planning to invest Rs. 13000 million in Haryana to develop an electronic manufacturing cluster and footwear park. The company has signed an MoU with the state government in March 2016 regarding the project. It has already developed 290 acres where Japanese major Panasonic and Denso have set up their facilities. It has potential to accommodate about 100 units in both electronic hub and footwear park over a period 3-5 years.
India is witnessing a six-fold jump in proposed investments in local electronic manufacturing to USD $16.8 billion. Government of India has received 156 proposals with investment commitment over 16 billion USD in the last 20 months according to IESA. Many major well-known global brands like Samsung, Foxconn and LG have submitted proposals. With India, driving local production of defence, related defence electronics and avionics as part of its overall indigenisation efforts are also taking place.
Modified Special Incentive Package Scheme (M-SIPS), which was rolled out as part of the National Policy on Electronics 2012, has now been extended until July 2020 and the government hopes to boost India's electronics sector to $400 billion by 2020. by then. India is expected to leapfrog the US