Salzer Electronics eyeing 15% CAGR, Rs.1000 cr revenue by 2021
The Dollar Business Bureau Salzer Electronics, a leading name in the field of electrical products manufacturing, said on Monday that it is looking at a compound annual growth rate (CAGR) of 15% and aims to become a Rs.1,000 crore firm by 2021, following technology alliances globally and augment the share of value-added products. “We expect Rs.430 crore turnover by FY 18, Rs.520 crore by FY 19 and intend to emerge as a Rs.1,000 crore company by 2021,” R Doraiswamy, Managing Director of Salzer Electronics told PTI. “We believe that revenues from our existing products are expected to grow at a 15% CAGR during this period. Going forward the company’s focus is to achieve profitable growth by adding newer products, which are customised and ...
Indias electronic products industry slated to grow at 10.1%: Study
The Dollar Business Bureau The Indian electronic products industry is slated to increase at a compound annual growth rate (CAGR) of 10.1% to reach $75 billion by 2017 from $61.8 billion in 2015, predicted a joint study undertaken by Assocham-EY. “Rising manufacturing costs in China and Taiwan are compelling manufacturers to shift their manufacturing base to alternate markets. In 2014, the average manufacturing labour cost per hour in India was $0.92 as compared to $3.52 of China,” the study stated. The joint study titled ‘Turning the Make in India dream into a reality for electronics and hardware industry’ underscored that the electronic products market is currently dominated by electromechanical components, which forms 30% of the total demand, followed by components such as resistors and ...
