Press release from Business Wire India
Source: Frost & Sullivan
Friday, July 12, 2013 01:57 PM IST (08:27 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Electronic appliances & components, Information technology, Media & entertainment; Technology
An Evening of Recognition and Celebration of Exemplary Performances and Unique Achievements at the Frost & Sullivan Electronics Industry Excellence Awards 2013
Mumbai, Maharashtra, India, Friday, July 12, 2013 — (Business Wire India) — Indian Electronics Industry is today the cynosure of the global world, not only for the immense growth opportunities that exist but also for the various on-going initiatives aimed at making India a preferred destination for electronics system design and manufacturing. Indian electronics system design and manufacturing (ESDM) industry is expected to grow at a CAGR of 9.9 percent from 2012 to 2015 which is almost twice the global average growth in the electronics industry.
Electronics consumption in India is currently in its most buoyant phase and on the anvil of unprecedented growth. Continuing success saga of the mobile handsets market, impressive surge in consumer electronics industry as well as rejuvenated excitement in telecom, automotive, medical, and industrial electronics segments are the crucial driving forces. Resilience in electronics consumption reinforces the need for continuous innovation in product and technology and also market positioning strategies for companies to remain competitive. Companies in the electronics ecosystem have been continually innovating and improvising their product/service offerings, evolving with the dynamically changing requirements and consumption trends. The level of innovation, differentiation, growth, and customer strategies exhibited by companies in the electronics industry has been far superior to other industries and necessitates the need for a platform to acknowledge and share best practices.
Frost & Sullivan hosted its Electronics Industry Excellence Awards 2013 on 9th July, 2013, in New Delhi to honour companies and their best practices that enabled them to remain resilient inspite of the current challenging market conditions. These awards have been instituted to recognize and reward these industry best practices in business-to-business (B2B) electronics as well as business-to-consumer (B2C) electronics market segments. These Awards symbolize the individual recipient’s commitment, dedication and endeavor to focus on meeting customers’ needs and to take customer satisfaction to an optimum level in the industry. The awards were further divided into multiple sub-categories.
The awards covered Consumer Electronics, Electronic Security, Auto Identification & Data Capture Technologies, Semiconductors, and LED Lighting market categories. The assessments brought forth latest trends in all these sectors with the common theme being focus on innovation and customer centric business models to achieve better growth.
On the occasion, Niju V, Director, A&E Practice, Frost & Sullivan, said, “Despite the challenging economic climate in 2012, the award recipients demonstrated great success with customer focused strategies. A focus on innovative business models to adapt to changing customer requirements, strategies for new revenue streams through product/ technology innovation, and increased focus on market segmentation in mature sectors has been some of the common best practices across this year’s award recipients.”
The B2C award recipients were announced based on the findings from in-depth customer research surveys. The B2B Award contenders were judged based on a variety of parameters like revenue, market share, product introduction, innovation and diversity, business, and market strategy. Results were collated after conducting detailed research and assessment on market performance of companies, including in-depth primary interviews of various industry participants and secondary research conducted by Frost & Sullivan analysts. An elite and independent panel of judges comprising some of the most prominent names from the Electronics industry deliberated on the findings of the analyst teams and finalized winners.
The esteemed Jury for the Awards this year included the following eminent personalities:
— Dr. R.C. Chopra, Senior Advisor, CII
— Mr. J.V. Ramamoorthy, COO – HCL and President – MAIT
— Mr. Sanjeev Keskar, MD Sales – PMC Sierra and Chairman – IESA
— Mr. Vinod Sharma, MD – Deiki Electronics
— Mr. J.B. Zarabi, Former Chairman – SCL and Sr Advisor on ESDM Committees of DeitY.
Media Partners supporting the event were CW Interiors, Electronics Bazaar, Electronics Maker, and LED Professional. To know more about awards, please log on to www.frost.com/elecawards2013
About Frost & Sullivan
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The Winners for Frost & Sullivan Electronics Industry Excellence Awards
Akshata Mhatre, Corporate Communications – South Asia, Frost & Sullivan, +91 9867873010 / +91 (22) 66072020, email@example.com
Priya George, Corporate Communications – South Asia, Frost & Sullivan, +91 9840355432 / +91 (44) 66814456, firstname.lastname@example.org
Nimisha Iyer, Corporate Communications – South Asia, Middle East & North Africa, Frost & Sullivan, +91 9820050519 / +91 (22) 66072004, email@example.com
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, ELECTRONICS, IT, MEDIA, TECHNOLOGY
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