EMSNOW

EMSNOW reports on our last two EMS visits on this OnTour India: InCap and Indic EMS Electronics. Eric tells us whom he met with at each company and some details about what makes each unique. As he explains, there is no one way to run an EMS business and this tour has certainly highlighted that fact.

InCap is a global EMS that first became a public company on the Helsinki stock exchange in 1997. Its India facility has been in operation for 18 years as a pure EMS, with a streamlined, local management team empowered to make decisions quickly. They export around 90% of what they make, mainly to Europe, but other countries as well. Eric describes what he learned about the challenges and opportunities faced by a foreign company setting up EMS in India. InCap has been very successful, boasting it hasn't lost a customer in that facility in its 18 year history. On the podcast, we hear about InCap's expansion plans, typical customer market sector, and future expectations for growth.

Indic EMS Electronics is a domestic EMS focused on both traditional EMS and ODM services - 85% EMS/15% ODM currently. One thing that was clear from this tour, Eric commented, was it strives to do EMS differently. It exports about 75% of its products from its current facility in India. A second facility is under construction, and Eric was invited to tour the site, which proved very interesting. The contractor is a Japanese firm, Eric explains, chosen for expertise in sustainable architecture, and the new facility is expected to be leading edge in many respects.

Next on the agenda is Productronica/Electronica India: be on the lookout for one more podcast about those meetings.

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EMSNOW travels to Mysore to visit two EMS: Cyient DLM and Kaynes Technology. Cyient DLM (which stands for Design-Led Manufacturing) has a unique, engineering-heavy story, Eric explains, with 4 facilities in India and a U.S. facility acquired last year. The company has a 30+ year history in India and specializes in critical products in regulated industries, e.g. aerospace, medical, industrial and most recently semiconductor manufacturing. They pride themselves on their sticky customer relationships averaging 12 years. 

The team met with the CEO of Kaynes Technology who describe themselves as providing 'IoT solutions-enabled integrated electronics manufacturing with end-to-end capabilities across the electronics system design manufacturing (ESDM) spectrum.' They have recently become a public company and are committed to developing semiconductor and PCB fab capabilities in India.

For those who have been paying attention to these podcasts, you know EMSNOW was supposed to visit three companies on this leg of the tour; sadly the third company's CEO took ill and they had to cancel. So the group was able to go on a tour of the Mysore Castle, which Eric describes enthusiastically. It's a fascinating glimpse of the rich history and spectacular culture of this part of India. The podcast ends with insights into the engineering powerhouse represented by these two companies and India in general.

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EMSNOW reports from Bangalore's aerospace/defense manufacturing region. Eric visits Centum Electronics and learns about its EMS history since its founding in 1994, and its expertise in highly complex manufacturing in regulated industries. The company has seen a surge in growth from companies moving manufacturing out of China and the U.S. 

The discussion includes more general industry insights as Eric now has completed over half the visits planned for this tour; he shares his thoughts comparing the growth of India as an electronics manufacturing with how China evolved in the past few decades; how India benefits from China's experience; and what it might mean for the industry. 

Eric expressed his thanks to EMSNOW sponsors and to the Global Electronics Association's in-country managers who have been very helpful in the logistics and support.

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EMSNOW reports on our last EMS visit in the Pune area.  inYantra Technlogies is located outside Pune in the Satara District a beautiful area where the other industry is flower-growing. inYantra has been in business for 25 years and recently entered into a joint venture with cable and wire harness company Volex. This relationship gives inYantra the ability to offer full service support to its customers and enables the rapid growth the company is forecasting: they expect 50% YoY growth through 2027 and are expanding their facility from 200,000 to 500,000 square feet.

Eric details the conversations he had with the very knowledgeable leadership team about this fully digitalized and well managed facility. The customer base is primarily automotive, but is expanding into industrial, consumer and computers. Listen to the full podcast to learn about their unique business strategy.

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EMSNOW reaches the halfway mark on the On Tour India trip with visits to two EMS companies in Pune. In this podcast, Eric Miscoll describes his visit to two EMS 100% focused on the automotive market, which is typical of the Pune region. Both companies provide dedicated electronics manufacturing services for the automotive market which includes all types of both EV and ICE vehicles. Varroc builds component and PCB sub assemblies and then ships these products for box-build and final assembly by the customer. Varroc also has polymer, metallic, and lighting capabilities and has opened a PCB fab, a trend Eric is noticing.

Uno Minda Katolec Electronics Services is a joint venture between Uno Minda and the Japanese Katolec, which was established in 2017. It is rapidly outgrowing its current facility in Pune. Eric explains details about the company and its history operating in India, as well as future plans for expansion.

You will want to listen to Eric’s analysis as he compares the two dedicated automotive EMS companies to other iterations of the EMS model he has encountered in his travels.

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EMSNOW arrives in Pune late in the evening to report on two visits conducted earlier in Vadodara: Aimtron and Vinrox Technologies. These are two impressive EMS with very different histories and capabilities. Aimtron has been in operation for several decades and interestingly got its start in a facility outside Chicago in the US. It prides itself on its electronic design and manufacturing services integration and serves customers in the industrial, medical, automotive and defense sectors. Having the facility in the US enables it to begin customer relationships in the Americas and then transfer the program to India seamlessly; this is proving to be a very successful model. 

Vinrox Technologies was started in 2018 and has a different approach, as Eric explains in the podcast. Their growth strategy and customer sectors are focused on industrial, energy and IIoT/telecom. They have SMT lines as well as box build and are expanding in other arenas as well. Eric goes into detail about their growth strategy. 

The Vadodara region is becoming a PCB fab hub, Eric explains, with a robust university community feeding skilled workers who are eager to learn about electronics manufacturing. An issue that has been raised more than once, he notes, is the bottleneck getting components. This is said to come from the lack of distributor warehouses in India and the added time needed to get materials through customs into the factories. EMSNOW will be addressing this and other topics in subsequent podcasts and/or the final country report.

Eric expressed his gratitude to the teams at both these EMS companies for the high energy and candid conversations.

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EMSNOW reports from a hotel in Vadodara where Eric traveled to from New Delhi after a visit to Syrma SGS. This podcast includes details about that visit and continuing observations about the EMS industry in India. Eric discusses the current growth forecasts for the EMS industry that are being put forth: from a baseline of $US 100 billion currently to potentially $US 400 or even 500 billion by 2030. The enthusiasm and energy is palpable, he notes, and with the engineering talent, the solid and strategic support from the government, and the plans to build out the PCB and component ecosystem, these are not an unrealistic expectations.

EMSNOW is grateful to the Global Electronics Association for logistics help, and to support from its sponsors:

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EMSNOW reports on the first day of visits on the India Tour to Sahasra Electronics and Dixon Technologies in the Noida region southeast of New Delhi. Eric shares the insights that are only possible from on the ground experience: what it's like to get around in the region, as well as details about the two companies. He comments that there is not one right way to run an EMS company: so many factors - from customers served to type of equipment chosen, history of the business and background of founders - determine how the business operates. He reflects on what makes these two companies unique, as well as what he expects from the rest of the week's meetings.

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EMSNOW will be reporting from India for the next several weeks. Eric Miscoll has scheduled on-site meetings with 14 mainly domestic companies, but also some global EMS with facilities in this important rising geography. The tour schedule includes companies in the New Delhi area, Gujarat, Pune, and of course the Bangalore area.

In this initial podcast, he shares insights about current business conditions in India for electronics, based on a conversation with Global Electronics Association's Vice President Gaurab Majumdar. EMSNOW is grateful to the Global Electronics Association's local staff in India who are assisting with tour logistics. 

EMSNOW is also very grateful to our tour sponsors. Their continuing support of EMSNOW on Tour enables the reports and insights that we offer to the industry at no charge. We ask our audience to give special consideration to these companies in your purchasing decisions. This India tour especially takes considerable resources and we are very glad to have the support of these companies:

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EMSNOW learns about Aimtron's unique operational strategy from Sneh Shah, Director. Aimtron is unique among EMS companies having started with a U.S. facility and subsequently opening the two facilities in India. The discussion covers Aimtron's full spectrum of services, adding robust design support to traditional EMS. They work with customers from the concept and feasibility stage to full production. Sneh explains how their investment in DfM and other optimization software, along with their ability to give customers U.S. based quality and certifications and full end-to-end integration, as well as the balancing of operations between North America and India, is a true competitive advantage. 

The discussion includes an update on current business conditions in India for electronics manufacturing, recent announcements about investments in local component manufacturing, and Sneh's insights about prospects for the industry there.

EMSNOW will be visiting Aimtron's facility in Vadodara during its upcoming tour of EMS companies in India.