2022 for Indian Technology, Telecom and Electronics Manufacturing Industry

“As India ushers in 5G connectivity it opens up many new capabilities to enhance productivity and safety of not only online transactions but Machine2Machine (M2M) transactions as well."

The technology and telecom sector have achieved numerous firsts this year, with 5G being the stand-out, thanks to changing consumer habits, awareness about technology and extending widely used 3G and 4G coverage.

As 2022 draws to a close, industry experts and professionals shared their views on how 2022 turned out for various industries and what's coming up in 2023. Have a look:

Manoranjan Mohapatra, CEO, Comviva:

“2022 has been a phenomenal year for all of us at Comviva. Our reinvention as a leading digital technology platform partner and expansion into new western markets like the US and Europe has been extremely encouraging and expected to fuel future growth. We received a very strong response on our new “digital transformation & commerce platform” and “growth marketing” solutions. As we grow, we shall invest more in building differentiated propositions and use cases around Enriched Marketing and Customer Experience, Digital Enterprise & commerce solutions and Embedded Payments solutions. We shall continue our focus on building the next Gen platforms that are AI / ML Powered, Cloud native, SaaS-enabled and API driven.”

A. Gururaj, Managing Director, Optiemus Electronics:

"We at Optiemus are constantly working towards contributing to India’s efforts to become a major electronics manufacturing hub globally. 2022 was a major boost for the electronics industry with schemes like PLI and Phased Manufacturing Program pushing indigenous manufacturing in mobile phones, hearables/wearables and other categories. The hearable/wearable industry in India recorded 171% YoY growth in smartwatches, to become the biggest smartwatch market in the world. Optiemus has been at the forefront of this phenomenal journey of the hearable/wearable industry and has partnered with major lifestyle brands like Noise, HARMAN, DIZO, Truke, Wings to manufacture their products from the two existing state-of-the-art manufacturing facilities located in Noida, Uttar Pradesh.

With our efforts in the hearable/wearable segment, we also achieved the successful record production of “One million wearables and hearables” in a month at our manufacturing plants. Under the visionary leadership of our Hon’ble Prime Minister Shri Narendra Modi ji, India has made significant progress in electronics manufacturing this year and initiatives like Phased Manufacturing Programme introduced for Hearable/Wearable in the Union Budget 2022 helped immensely to fuel the growth.

Our partner, Wistron is providing active support to create world-class processes in the manufacturing operations and Optiemus is working with leading multinational companies for multiple segments of business to move towards volume production of their products. In 2023, we will diversify our efforts into various segments like IT hardware and telecom equipment manufacturing as well. Also, OEL now has the installed capacity to manufacture 8 lac smartphones in a month and is in the advanced stage of discussions with key global brands.

As the country is witnessing a wider rollout of 5G services, we are actively expanding our capabilities in 5G telecom equipment and have partnered with leading companies to supply 5G products. We also aim to strengthen the IT Hardware segment by expanding laptop manufacturing and starting new categories like mini pc, etc. Adding on to that, we have plans to enter emerging categories like IoT and EV as India adopts new technologies.

On the expansion front furthermore, Optiemus is all set to open its 3rd state-of-the-art manufacturing facility in Noida with a capacity for high volume manufacturing of wearables and other products units which will further strengthen our manufacturing capabilities. The electronics industry is set for the next wave of revolution in the coming year and 2023 can be the major milestone year in our aim to make further progress towards realising “Atmanirbhar Bharat” in electronics.”

Rahul Tandon, Senior Vice President, Mobile operator Business IDEMIA India :

“As India ushers in 5G connectivity it opens up many new capabilities to enhance productivity and safety of not only online transactions but Machine2Machine (M2M) transactions as well. The network technologies 5G, 5Gi, 4G and under Low power Wide Area Networks (LPWAN) such as Narrow Band IoT (NB-IoT), LTE-M, Long Range Radio (LoRa), ZigBee and SigFox are creating new business opportunities around these technologies. Indeed, the magical combination of these technologies will change the contours for connectivity, security and analytics. However we also believe its time for the industry to define the scope of connected technology with respect to its security for all aspects, such as devices, connectivity, secure deployment and their physical security”.

Prashant Lohia, Founder & CEO Ginesys :

"In 2023 I believe omnichannel play will really make a big splash in Indian retail. So far only a handful of brands have been successful at it. D2C brands will continue to disrupt markets with new and unique brands breaking the clutter online. I feel that there will be some adoption of AI tech in retail too especially for personalization of marketing campaigns."