The Great Component Shift Pritam Deuskar on India's Export Opportunity Beyond Finished Goods
                     The Great 
Component Shift: 
Pritam Deuskar on 
India's Export 
Opportunity 
Beyond Finished 
Goods
India’s 01
Manufacturing 
•Opportunity ShiftsIndia’s manufacturing opportunity is 
shifting from assembly toward value 
capture.
• Global OEMs are diversifying supply 
chains and demanding more complex 
products.
• The next opportunity may lie in 
building a strong component 
ecosystem.
• Pritam Deuskar Wealthyvia highlights 
the potential of becoming 
indispensable to global manufacturing.
02
Global Supply 
Chains Are 
Diversifying
• Global manufacturing is moving from 
concentrated production toward 
diversified supply chains.
• China+1, geopolitical tensions and 
supply-chain resilience are encouraging 
multiple sourcing locations.
• India can emerge as a major 
manufacturing and component-sourcing 
hub.
• Pritam Prabodh Deuskar focuses on the 
opportunities created by this structural 
shift.
03
Critical 
Components Offer 
Better Economics
• Technically complex components can 
be difficult to qualify and expensive 
to replace.
• Precision-machined parts, aerospace 
components, EV systems, PCBs and 
sensors are examples.
• Customers value quality, reliability, 
engineering capability and continuity
—not simply price.
• Pritam Deuskar SEBI perspective 
highlights businesses with strong 
qualification barriers and sticky 
customers.
04
India Builds Component 
Manufacturing 
Ecosystem
• India’s electronics production has 
risen significantly since FY2014-15.
• Government policy is increasingly 
focused on components, sub-
assemblies, materials and equipment.
• The Electronics Components 
Manufacturing Scheme has attracted 
substantial investment commitments.
• Wealthyvia identifies this localisation 
trend as part of India’s expanding 
manufacturing ecosystem.
05
Opportunity Extends 
Across Industrial Sectors
• The opportunity extends beyond 
electronics into auto and EV 
components, aerospace and defence.
• Semiconductor equipment, precision 
engineering and heavy electricals are 
also important areas.
• Renewable energy equipment, medical 
devices and industrial automation add 
further opportunities.
• Engineering-goods exports provide 
evidence of India’s growing global 
manufacturing participation.
06
Moving Up The 
Value Chain
• Global OEMs expanding in India create 
demand for a wider domestic supplier 
network.
• Suppliers can gain scale, technical 
knowledge and valuable customer 
qualifications.
• Strong companies can move from 
individual components into sub-
assemblies and complete systems.
• Pritam Prabodh Deuskar Wealthyvia 
highlights the potential for greater 
engineering content and value addition.
07
Capturing Greater 
Manufacturing 
Value
• India’s manufacturing story is increasingly 
about where value is created, not only how 
much is manufactured.
• Assembly capacity can be replicated, while 
integrated component ecosystems require 
years to develop.
• Pritam Deuskar highlights companies 
moving from components toward strategic 
supplier positions.
• Pritam Deuskar SEBI research perspective 
focuses on value addition, margins and 
ROCE.
09