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India is looking to invest in its Electronics and ICT Industry’s
2011-11-16
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In recent years India has seen a decline in its Electronics and ICT Technology manufacturing industry but it must invest now to become a net exporter so to balance its trade deficit in Electronics and ICT Technology. It's estimated that with the current trends if India does not start Manufacture more Electronics and ICT Technology then by 2020 it will spend more on importing this Technology then it does on importing Oil .
Although India is a leading place for Software Design and Back off Service support for the ICT Industry it needs to invest heavily in its manufacturing of electronics and ICT Technology if it wants to increase its production of this Technology and less reliant on imports. India wants to become an exporter of Electronics and ICT Technology and maybe rival China as a production center for this Technology in the future.
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