Micromax co-founder Rahul Sharma, through his company Bhagwati Products Limited (BPL), is gearing up to launch a new electronics component manufacturing business by the end of 2025. The bold move marks a strategic shift from mere assembly to creating high-value supply chain products like displays and mechanical components.
Why This Matters (Focus Keyword)
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Key Highlights
1. BPL’s Component Manufacturing Plans
- BPL, owned by Rahul Sharma, plans to start manufacturing electronic components—initially focusing on displays and mechanics—by year-end 2025.
- The company has already identified suitable land and will soon announce a joint venture partner to execute this plan.
2. Strategic Context
- This launch aligns with India’s newly launched ₹22,919 crore electronics component manufacturing scheme, which offers incentives of up to 10% of turnover and 25% of capital expenditure—though Sharma notes BPL’s initiative is independent of these incentives.
- Previously, BPL had partnered with China’s Huaqin for electronics manufacturing and increased capacity at their Greater Noida factories.
- The company is expanding its manufacturing footprint and capabilities amid rising demand for smartphones, tablets, wearables, and storage devices.
3. Strategic Significance
- This venture marks a deeper integration into India’s electronics value chain, advancing from contract manufacturing to original component production.
- It supports India’s vision of an Aatmanirbhar Bharat, strengthening local electronics manufacturing ecosystems. Moneycontrol
- The move may pave the way for more Indian-designed and assembled electronics, reducing reliance on foreign component suppliers.
Summary Table
| Element | Details |
|---|---|
| Who | Rahul Sharma, co-founder of Micromax via Bhagwati Products Ltd. |
| What | Launch of electronics component manufacturing by end of 2025 |
| Where | India—likely near Greater Noida in new facility |
| Why | To shift from assembly to high-value component manufacturing |
| How | Land acquired; JV partner to be announced soon; aligns with government schemes |
| When | Targeted for late 2025 |
Why It Matters
This venture reflects a strategic evolution in India’s electronics industry—from depending on foreign components to building a self-reliant, design-to-manufacturing ecosystem. With BPL’s expansion into component manufacturing, the company is poised to elevate India’s role in the global electronics supply chain—potentially inspiring similar moves from other players.
