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Which would be the growing industries and skills to look out for in the coming Quarter?

We have strongly witnessed the growth of the consumer electronics manufacturing industry in the last 3 years. In fact, Blue Ocean grew along with this industry from 2015 to reach several milestones. We believe this industry will have the promise delivered of becoming 1.48 lakh crore market by 2025 which is almost the double from 76,400 crore by 2019. In spite of the prevailing pandemic , the innovation and surge in technological advancements are fuelling the appliances & consumer electronics industry manufacturing . This growth is strongly aided by mobile phone manufacturing and 5G network related equipment manufacturing. Mobile manufacturing in the country has grown from 6 crore handsets five years ago to 33 crore at present, and over 90 per cent of country’s mobile phone requirements are met through domestic production Times recently, Samsung was gearing up to move a significant portion of its production line only. According to a report by Economic to India. This decision would impact the existing operations in other countries, including Vietnam. With such a growth potential, the Indian electronics manufacturing market poses a huge pool of opportunities for Engineers & Diploma graduates across departments such as R&D, Assembly operations, production and quality assurance. Need for Skilling in the same industry is also been seen in uptrend. The country is exhibiting a greater strength in becoming leader of global electronics manufacturing market by seizing opportunities arising from global supply chain reconfiguration and growing local demand. Just not for the next quarter, we look forward for Consumer electronics manufacturing & allied industries to perform the entire FY 2021-2022.

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