RP tech India ropes in VivekTyagi as GM, Embedded Business Unit
By MYBRANDBOOK
RP tech India has announced the appointment of VivekTyagi, Former Senior Director of Enterprise Sales at Western Digital as General Manager, Embedded Business Unit as a part of their plan to foray into the embedded and semi-conductor business. In his new role, Tyagi will focus on business development and brand acquisitions.
Due to the 'Make in India' and 'Vocal for Local' initiatives, the demand for semiconductors has grown multi-fold. The Government of India (GoI) launched the Production Linked Incentive (PLI) scheme in April 2020 to encourage domestic manufacturing and reduce imports under the Atmanirbhar Bharat campaign. GoI aims to encourage local companies to set up or expand their existing manufacturing units and generate employment. It has also launched a mission to build a semi-conductor ecosystem in the country.
Talking about the roadmap for the business, Vivek Tyagi, said, “India's electronics system design and manufacturing market is about US$ 100 billion in the year 2021, and is expected to grow to US$ 300 billion by the year 2026 as per the Meity Vision document. Out of this semiconductor, consumption is about US$ 25 billion in 2021 and will rise to US$ 64 billion by the year 2026. Electronics manufacturing is growing at a rapid pace, and hence local semi-conductor procurement, which is estimated to be US$ 2.5 billion in the year 2021 will rise to US$ 11 billion by the year 2026 (IESA). RP tech India wishes to participate in this growth and help the ‘Make in India’ initiative with its supply chain contributions. RP tech with its robust distribution network is poised to be an Indian leader in the semiconductor and electronics components business in the next three years.”
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