Components

Relay technology is now 40-year-old and has not undergone any major changes except for high current ones and miniaturisation. This is due to the fact that R&D has being totally neglected by the manufacturers. However, currently relay producers in India are upgrading their technologies

Despite their shortcomings, imported components are far ahead of indigenous ones—in price, quality, quantity and variety

Going by the trend, it’s evident that companies are upbeat about their growth and not wounded by recession

India has sacrificed its market to global suppliers, specially to low-cost Asian countries, by not regulating quality and environmental standards and not extending fiscal incentives or import tax differentials to buttress local production. This has resulted in a barrage of imports, largely sub-standard and unregulated, ingenerating trading and acting as disincentives for native manufacturers

Owing to zero duty regime, the resistor market has generated sharp competition amongst importers and indigenous manufacturers, resulting in the conversion of many manufacturers into mere traders

With the levitation of hardware in India, the next couple of years could become the ‘golden age’ for SMT devices in India