electrical, ECE

It's raining business all over here, in Andhra Pradesh, with several young and dynamic individuals ditching the idea of fighting for mundane jobs in MNCs and instead starting up their own ventures - AKA start-ups! Innovation, creativity and employment freedom have become the key words for youngsters these days as the fever for start-ups simply intensifies in the state. With time, AP has become the IT hub and enormous amount of firms are being established with each passing day. But if you think that only pupils with an IT background will prosper, then think again. Because the advent of latest cutting-edge technologies and adequate resources available (in the form of public or private funds or even, self-accumulated wealth) are proving to be the right kind of propellants for the industry, especially the Electricals & Electronics as it has registered a phenomenal growth in the past decade.

Going by the current estimates, the demand for electronics hardware in the country is projected to increase from USD 45 billion in 2009 to USD400 billion by 2020 (Source: Task Force Report). According to another report, the estimated production will surge to attain a mark of USD 104 billion by the year 2020, creating a gap of USD 296 billion in demand and production.  Now to cover this gap, several companies in the ESDM (Electronic System Design & Manufacturing) sector stand a very promising opportunity ahead of them to look at India as their next destination. This move enables them to cater to the domestic Indian demand as well as tobe an exports hub.

The government has taken up various projects as part of its program to promote the electronics sector. One of these programs include the setting up of a semiconductor wafer fab in the country. Interestingly, India has become the hub for semiconductor design with nearly 2000 chips being designed per year and over 20, 000 engineers being employed in various aspects of chip design and verification. Annually, India is generating nearly USD 2 Billion in revenues for the chip design services. This provides an enabling environment for the semiconductor wafer fab which will come up in India.

Regionally, in a bid to promote entrepreneurship, the Government of Andhra Pradesh (AP), released the country’s first-of-its-kind Innovation and Start-up Policy 2014-2020 that aims at incubating 5,000 startups and 100 incubators with over 1 million sft office space by June 2019. 

The idea is to create an ecosystem to produce an entrepreneur in every family and at least one homegrown billion-dollar technology startup.

The policy, which complements the AP IT policy, aims at mobilizing Rs 1,000 crore venture capital and offers shared infrastructure, accelerators/incubators, human capital and funding for startups.
These steps cement the foundation for enthusiastic youngsters who have a vision to open their own businesses. 
Additionally, the AP government has taken up measures and action plans to especially promote the interest for entrepreneurship in engineering students. 

To bolster their plan and help techno-preneurs, the government will encourage universities to introduce the concept of student entrepreneur in residence, popularly known as gap year. Outstanding students who wish to pursue entrepreneurship can take a break of one year, after the first year, to pursue entrepreneurship fulltime. This may be extended to two years at the most and these two years would not be counted for the time for the maximum time for graduation

Several other policy initiatives have been approved in last few months. These include providing very attractive financial investment in electronics manufacturing and providing preference to domestically manufactured electronic goods in all Government procurement as well as all those electronic goods whose use has security implications for the country. 

The financial incentives are available not only for new units but also for units relocating from abroad. Besides, when we speak of electronics, apart from covering electronic hardware products relating to IT and office automation, telecom, consumer electronics, electronic components, etc., we cover a wide range of products relating to verticals like solar photovoltaic, automotive electronics, medical electronics, avionics, LED etc. To address the issue of infrastructure, a scheme for Electronics Manufacturing Cluster provides 50% of the cost of upgrading infrastructure and logistics as grant in aid from Government.

With all these moves in place, it is reaffirmed that the scope for Electronics is increasing at a fast pace. 
Now, what is the scope for Electrical Communication engineers in the days to come? This question can have many implications, and we are going to elucidate most of them for you. 

One of the best things about this field is that its graduates can practically work in any given field. Hence, from Aviation to Military and from Medical to Financial – Electronics or Electrical engineers have options galore as they can get into any possible area of engineering.

There are no dearth of options for people in the electrical and electronics background to pursue their dreams. Many start-ups have emerged in the recent times that have added a new dimension to the Indian start up culture particularly in the electronics or technological arena. We’d like to mention a few really notable start-ups that have gone an extra mile and then attained great amount of success at their work. Aquas Technologies, BleeTech, Design Innova, Eco-Black Bricks, Inventrom, NextGen PMS, Prakash Lab, Team Indus are just a few of the many coveted other startups. 

So, with so much in favor of engineering students, a lot can be put to good use to emerge victorious in your start up vision. 
It always pays to be updated with the current happenings in your field. Additionally, it also gives you an edge when you’re geared with all hands-on skills, we recommend you bookmark these sites: 

http://www.eliap.org/
http://www.ijeee.net/
http://www.eetimes.com/
http://www.electricalengineeringschools.org/engineer-resources/

So, if you have what it takes to dream big and make your mark, then mate, just get started and work really hard with all the dedication and love you have for your idea. You never know when your small wish can transform into a magnum opus establishment and change lives of many, many people around. 

Cheers to the new Start-up revolution! Cheers to Wholesomeness and Economic Prosperity!! 

Wishing you the very best in all of your endeavors!!! Cheers to You – The Future of Indian StartUp Revolution!!!