Electronics Era: Explain in brief about RS India & what makes it apart from its competitors.
Shiv Bhambri: RS India is a subsidiary of RS Group plc, a leading global provider of omni-channel industrial product and service solutions to customers who are involved in designing, building and maintaining industrial equipment and operations, safely and sustainably.
We store more than 700,000 industrial and electrical items, purchased from more than 2,500 top suppliers, and offer a variety of product and service options to more than 1.2 million clients. With operations in 32 countries, we trade through various channels and ship over 60,000 packages every day.
Over the course of more than 29 years of customer service in India, RS India has solidified its position as a strong player in the B2B market. Our USP of No Minimum Order Value or Order Quantity has made us a preferred partner especially in the R&D, Prototyping, Maintenance & Academia domain. With free doorstep delivery within 4-5 business days, we’ve been servicing customer needs and adding value.
We stand out from the competition because of our large range of high-quality products. We sell both industrial and electronic technology, and offer an unmatched selection of goods, services, and availability to our 1.2 million clients throughout the world. We provide a high amount of digitisation, in fact 62% of our Group revenues come through digital channels. By providing our consumers with a personalised, effective, and distinctive experience, our omni-channel offer makes sure we are serving them through the most suitable channel. We also have the ability to work with solutions that support automation and industrial IoT. In essence, what sets apart our offering is that we make sure to deliver an engaging customer and supplier experience and value proposition, supported by a variety of products, product and service solutions, and simplicity of doing business.
Electronics Era: How do you see the latest semiconductor manufacturing development in India? Any suggestions from you?
Shiv Bhambri: The government’s focus on boosting semiconductor production in India could go a long way in establishing the country as a global hub for electronics goods, besides creating jobs and attracting investments from top firms around the world.
Being the second-largest populous economy in the world, India’s strength is its sizeable domestic semiconductor consumption market. The global electronics market, which is now estimated to be worth roughly $3 trillion, is served by the $500–600 billion global semiconductor sector. India unveiled its about $10 billion production-linked incentive (PLI) programme in 2021 to support the nation’s semiconductor and display manufacturing industries.
To increase the manufacture of semiconductors and displays, the Indian government has approved a Rs. 76,000 crores production-linked incentive (PLI) scheme. In fact, many international companies have decided to establish fabs in India thanks to the PLI initiatives. India is a sizable net importer of semiconductor chips due to the country’s increasing need for electronics. According to analysts, India spends more money than any other country on semiconductor imports. Establishing semiconductor production facilities domestically is one strategy to lessen the reliance on imported chips.
Electronics Era: What trends in the upcoming the next decade could disrupt the distributor market?
Shiv Bhambri: Electronics will continue to be at the centre of industrial and technical growth, supply issues will persist, and we can anticipate that distribution models will be crucial to meeting customer needs as they negotiate the current shifts in macroeconomic and geopolitical conditions. We’re noticing a trend where the industrial sector and the electronics space are really starting to converge, which puts us in a desirable position since we sell both industrial and electrical technology.
Electronics Era: Could you please share the details of DesignSpark?
Shiv Bhambri: DesignSpark is an online design community and resource centre for makers, students, and design engineers that RS Group introduced in 2010. It is an online resource that links design data, user reviews, and fresh free tools to speed up the design process. It provides engineers with trusted and dependable information and resources. Starting with the design stage, RS offers goods and services that cover the whole industrial lifecycle. Our DesignSpark platform serves as a centre for design and invention for environmentally friendly engineering solutions.
A community of 1.3 million engineers, professionals, and students from 32 different countries come together on the platform to learn, develop and design sustainable innovations that enhance people’s lives.
RS Group has launched the next phase of DesignSpark. It offers a suite of design tools including DesignSpark Mechanical and DesignSpark PCB, plus comprehensive 2D/3D and electronics part libraries, and a host of design resources such as technology articles, projects and community forums.
This next phase in the DesignSpark engineering community has been designed to present an enhanced and increasingly personalised experience for members. The new DesignSpark will offer three subscription levels, respectively called: ‘DesignSpark Explorer’, ‘DesignSpark Creator’ and ‘DesignSpark Engineer’, which will enable members to select their own level of access according to their requirements for design tools and resources.
Electronics Era: Why there is a need to manufacture semiconductors in India? What is the current scenario of the semiconductors market in India?
Shiv Bhambri: The government’s emphasis on increasing semiconductor manufacture in India might go a long way towards making the nation a worldwide powerhouse for electronics goods. India’s strength as the second-largest country in terms of population is its sizable domestic semiconductor consumer market. The $500-600 billion worldwide semiconductor market provides products and services to the global electronics market, which is now estimated to be worth around $3 trillion. The $10 billion production-linked incentive (PLI) scheme that India launched in 2021 is intended to help the nation’s semiconductor and display manufacturing sectors. According to the Electronics and IT Ministry, India’s semiconductor demand would increase along with the demand for electronic devices, reaching $70-$80 billion by 2026. The need for chips would increase along with the development of the electronics manufacturing sector, and if it can be met in India, it might have a huge effect on the country.
The Indian government has authorised a Rs. 76,000 crores production-linked incentive (PLI) programme to stimulate semiconductor and display output. Thanks to the PLI efforts, several foreign businesses have chosen to open fabs in India. Currently, Karnataka may become the first state in India to have a $3 billion semiconductor plant, and other projects, such as a $3.5 billion facility in Tamil Nadu and a 154,000-crore semiconductor plant in Gujarat, are in the process.
Electronics Era: What are the major new products that RS adds to its catalogue?
Shiv Bhambri: RS PRO, our own-brand with a product range of 63,000 high-quality, competitively priced industrial products and electronic components, is introducing over 3000 new products under Electronic Connectivity with a focus to support the growth in electronics demand.
New products from RS Pro range have been introduced under various product categories from connectors to board-level components on to related products like hand tools, soldering or anti-static equipment.
Our focus, in particular, has been to offer solutions to the industry instead of just launching products. With that in mind, we are looking at introducing products that complement the industry in general and we are targeting to launch new products with a focus on Industrial Automation Solutions, Electronics Engineering & Industrial Control Communication.
Majority of the New Products have been introduced under the following categories:
- Connectors (Power, Circular, Coaxial, Ethernet, AV, USB etc.)
- Fixed & Surface Mount Resistors
- Push Buttons & Switches
- Soldering & Hand Tools
The entire range of RS Pro products are available with technical datasheets, 3d models, product availability & best prices at https://in.rsdelivers.com/ourbrands/rs-pro.
