EMS India Pod with InCap: India Is Not A Low-Cost Manufacturing Bet, It's So Much More

EMS@C-LEVEL · 30 Aug 2026 · 48m

What this episode covers

Murthy Munipalli, Managing Director of InCap India, and Otto Pukk, Global President and CEO of InCap, discuss the evolution of InCap India from a small acquired unit into a major electronics manufacturing services (EMS) hub with 2,000+ employees and three factories near Bangalore. They argue that India is no longer a low-cost labor destination but a strategic base for advanced manufacturing, driven by engineering depth, IP protection, and democratic stability. The conversation covers InCap's recent investments in AI-driven SMT lines and flying probe testers to serve massive American conglomerates, as well as the broader growth of the Indian EMS market, which is projected to reach $150 billion by 2030.

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