There is no doubt India is a growing economy with many new ambitions and milestones to achieve in the coming times. India aims to achieve a GDP of $5 trillion and a digital economy of $1 trillion. Growth signals an increase in consumption and more so for a digital economy as it underpins the increased consumption of electronics. The electronics market was valued at $118 bn in 2019-20 and the demand for electronic products is predicted to rise to $400 billion by 2025 in India. However, the nation’s domestic manufacturing has been unable to meet the demand resulting in the astounding fact that the electronics goods import bill is second only to the country’s oil import bill. The numbers run into billions, for comparison, import of electronic goods was US$ 33 billion in FY 2020 simultaneously the oil worth US$ 87.79 billion of petroleum products in FY 2020. The electronics goods imports were roughly 38% of the oil imports. It is imperative that the nation takes measures beforehand to boost indigenous electronic manufacturing to meet the growing demand for electronic goods and decrease the reliance on imports all the while widening the scope for export.
In light of the current scenario to get a good view of India’s potential as an electronic manufacturing hub Mr. Akram Hoque, Founder-Editor of The Policy Times interviewed Mrs. Nandini B., Director, TESCOM Pvt. Ltd in the latest series of “Global Innovator And Entrepreneur Show ”. TESCOM is a leading and reliable EMS(Electronic Manufacturing Service) in Bangalore. It is a 30+-year-old company with strong expert services in various kinds of PCB Assembly.
Youtube Link for the Interview:https://youtu.be/zxjF0EH4VmA
The Policy Times initiative “Global Innovator And Entrepreneur Show ” curated especially to nurture India’s start-up spirit and innovation brilliance to new milestones.
Mrs. Nandini, Please tell us a bit about yourself and your organization?
I am the director of TESCOM Pvt. Ltd. I have been in this field for over 15 years and my journey has been very interesting and enlightening till now.TESCOM is a contract manufacturer of various kinds of PCB Assembly. The organization originally started way back in 1988 and at the beginning, the organization used to specialize in electro-components quality assurance. However, then the organization, later on, migrated its service into PCB Assembly since the miniaturization of electronic components the manufacturer themselves started doing quality checks.TESCOM serves various types of industries from Automobile, Telecommunication, to Medical electronics, Instrumentation, Energy Meters, Lighting Industries. The organization can take up PCB Assembly for any kind of electronic product.
With modernization and automation, the demand for electronic goods has increased exponentially in the country and created a large domestic market that in turn has paved the way for TESCOM to scale its operation multifold.
How differently TESCOM is positioning itself in the market? How unique are your services compared to others in the market?
We provide comprehensive electronic manufacturing services that are on par with global standards. From the very start, our focus has been skilled service and enhancing our core competency along with the rapid change in technologies. We invested in state-of-the-art technologies for manufacturing electronic equipment in various sectors from medical, energy, automotive to entertainment. Our dedicated team, best practices, and practices always helped us to meet global competitive standards.
Every business has challenges planted in its way. As to how we differentiate ourselves is how we plan our service regardless of any economic shock or outside shock to bring the best of the solutions to our clients as per their demands. We filter out nuisance and focus on increasing our competency, therefore, enhancing our services and delivery with best of the quality.
TESCOM is going very well established in the domestic market. How are you planning to take it to other parts of the country from its limitation at the current time as well to the world?
TESCOM started with one small unit in Bangalore but throughout the last 5-6 years we have grown significantly and branched out to several more units in Bangalore only. We also have fully operational plants for manufacturing in Coimbatore and Hyderabad. Right now rather than branching out we want to focus on sustaining these units to growth and profit.
As for the international market, we do have a small amount of export factor in our business mainly from the US and Europe and in the coming years, we would like to increase export to be 25% of our total business.
Another one of our core focuses is skill development for our employees as well as outsiders to enable us to take up more skill-based projects. If we want India to be a global manufacturing hub for electronics we would need skilled individuals to realize that vision. Our mission is to grow with these individuals and take India’s manufacturing capacity to new levels.
Who are your stakeholders and what would be your message to them for the visionary growth you have planned ahead?
Our priority focus at the time is skill development and for that higher education institutions especially colleges and universities are our target stakeholders. Only with a skilled workforce can we drive collective growth and the best of the outputs possible. We are in the process to pilot several skill development projects with participants from North Karnataka and rural areas of Karnataka. We are progressing to also include tribal peoples in the project.
For our regular stakeholders firstly our clients my message would be that their success is our mission and for our suppliers, I would urge them to maintain the support they have been providing us till now.
India has a very ambitious vision of becoming a global manufacturing hub. What are areas the nation could improve to achieve so that companies like TESCOM can fuel that dream to realization?
Any electronics that is done in India is majorly dependent on import for components like bare PCBs, laminates as well as assembly machinery that affects cost and delivery time for our clients further impacting their end-users. If India wants to grow as a self-reliant manufacturing hub we have to manufacture all three from bare PCBs, laminates to assembly machinery ourselves. However, as we are part of a very well-connected ecosystem it seems that there is quite a significant time till India achieves the dream.
Any comments on the milestone projects that reflect the work ethics and drive of TESCOM?
We did touch on several milestones with our work in recent times. One was a large-scale time-bound project under PSU under the Government of India of EVM manufacturing. Another was ventilator manufacturing which was a very time-limited and meticulous project. Right now we are undertaking an oxygen concentrator project, another new milestone for us. All these opportunities have enhanced our growth and expansion in different verticals.
The Program is chaired and mentored by Dr. P. Sekhar, Chairman Unleashing India, Global Smart City Panel, MTGF. According to Dr. Sekhar, TESCOM is a fully matured company with good work to their credentials and India’s rapid growth has scaled their horizon as well. It is time for them to expand their operation verticals in domestic and international markets. Their growth journey could also drive India’s chances as well as enrich the whole ecosystem.
For further details on the Innovation contact the promoter at Ms. Nandini B., Director, TESCOM Pvt. Ltd. – M: +91 99020 75070 E: [email protected]