Where there's love, businesses will flock. That is the central tenet of a free capitalist system. And for India, growing demand for electronic products is alluring new companies to set up shop in the developing country. According to a recent article from the Business Standard, three Asian companies and one American enterprise are planning to expand their market reach. These businesses include, "Japanese testing firm Saki, Hong Kong’s surface mount technology (SMT) company WKK, Singapore’s Mydata (SMT) and USA’s Indium (solder paste)." The Business Standard cited a study conducted by the Consumer Electronics Association, which predicted a 10% or $700 billion rise in demand for electronic products, ranging everything from cellular phones to laptops and video games. This promising sector has expectedly attracted many companies and is a battleground of stiff market competition between Asian companies, considered to be perennial leaders in the electronics manufacturing industry, and other emerging enterprises, particularly those in Mexico.
Whoever comes out on top of the heap, the synergy generated in the electronics industry could only mean better products and prices for consumers
ORIGINAL ARTICLE: http://www.business-standard.com/india/storypage.php?autono=334346
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