India: A Key Pillar of TDK's Global Strategy

India has emerged as a strategic powerhouse in the global electronics ecosystem, combining robust economic growth, supportive policies, and a vast talent pool.

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It is the fastest-growing major economy in the world and became its most populous nation in early 2023. The Indian government's push for self-reliance – from the “Make in India” initiative to 13 Production Linked Incentives (PLI) schemes across various sectors including electronics & Component and the multibillion dollar “India Semiconductor Mission” – is catalyzing domestic manufacturing and infrastructure development.

As a result, India's electronics industry is scaling rapidly toward a projected USD 500 billion market by 2030, powered by surging local demand in sectors like automotive, renewable energy, industrial modernization, and digital technologies. This trajectory is also shaped by the global “China+1” strategy, as multinational companies diversify manufacturing and R&D footprints into India to strengthen resilience. For global companies like TDK, India's rise presents an unprecedented opportunity: to innovate at scale, tap into world-class engineering talent, and build a more reliable supply chain at the heart of a burgeoning market.

“India will remain a cornerstone of our global strategy. We are confident that our expanding presence will further strengthen our ability to serve both domestic and international markets.” – Gagan Bansal, President of Sales and Marketing, TDK India.

Investing in India for Innovation and Resilience