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Electronics industry veterans unite to form ‘Awesense Five’ for sensor manufacturing

Electronics industry veterans unite to form ‘Awesense Five’ for sensor manufacturing

By - 09 Feb 2024 09:05 PM

Focused on designing and manufacturing sensors crucial for monitoring and control systems, the group stresses the importance of domestic production to mitigate dependence on foreign imports. Five veterans associated with large electronics companies have come together to start a new venture - Awesense Five Pvt Ltd - for design and manufacturing sensors. The sensors play a pivotal role in monitoring and control systems, making their domestic manufacturing a priority.

Due to their sensitivity and strategic importance, dependence on imports poses a significant threat. Recognising this, the group has emphasised the need to prioritise and invest efforts in manufacturing sensors locally, said N Ramachandran, Managing Director of the Chennai-based MEL Systems and Services Ltd, and one of the investors in the new venture. “Our goal is to contribute to India’s electronics manufacturing capabilities and reduce dependence on foreign imports,” he added.

The other four are Sanjiv Narayan, Promoter and Director of the Delhi-based Syrma SGS Ltd; Pamela Anna Mathew, MD of the Ernakulam-based O/E/N India Ltd; Arun Manwani, Chairman of Delhi-based Sahasra Group and Vinod Sharma, MD of Delhi-based Deki Electronics, said Ramachandran.

At present, sensors are mostly imported. The TVS Group has a photonics-based sensor company. There are other smaller companies, but the volume is very low. “We are aiming for only industrial sensors and the market in India should be in excess of ₹7,000 crore,” he said.

 

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