Telangana

Product showcase at GES gives an overview of growth potential

Ather electric scooter   | Photo Credit: Melly Maitreyi

The product showcase at GES seeking investments into India under “Start Up India” and “Make in India” platforms gives an overview of growth potential in various segments.

By 2021, India's e-learning industry will grow 8 times to reach $2 billion and by 2022, Smart Home Market in India will reach $5.5 billion.

The other areas for potential exponential growth are: healthcare industry ($280 billion), fitness device manufacturers will hopefully unlock market opportunity of $697 million and Indian IoT industry is estimated to triple its value to $15 billion.

The other investment opportunities in India are for Medical devices industry, drones will significantly disrupt Indian logistics market.

Liying Wang, working for a Taiwanese Venture Capitalist firm AppWorks bets big on Smart Devices whose penetration in Indian households will grow 18 times to reach 7.2 per cent.

Another exciting growth area is electric vehicles in India and they are expected to touch 7 million by 2020. The ''Ather” EV scooter on display caught every ones attention.

 


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Printable version | Jun 15, 2021 9:32:43 PM | https://www.thehindu.com/news/national/telangana/product-showcase-at-ges-gives-an-overview-of-growth-potential/article21027136.ece

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