In a free-wheeling interview with IANS, Ashwini Vaishnav said the last decade saw huge growth in local manufacturing coupled with a huge increase in exports, led by the electronics sector, which grew to $100 billion while creating 12 lakh jobs. Has reached.
“In the last 10 years, ever since PM Modi launched the Make in India programme, he has made several simplifications around compliance to bring major reforms in manufacturing. The results can be seen today. Look at manufacturing growth in any sector, be it defence, textiles, electronics chemicals, pharmaceuticals or others,” the Union Minister stressed.
Manufacturing has emerged as an important leader in almost every sector and has had a significant impact on employment.
“In electronics manufacturing alone, around 12 lakh new jobs have been created, taking electronics manufacturing to almost $100 billion.In mobile manufacturing, India has become one of the top two countries in the world and the way it is growing is unprecedented. This will greatly benefit the country and increase employment in the coming years,” Ashwini Vaishna explained.
According to the latest government data, “Mobile phone exports have increased from an estimated Rs 1,566 crore in 2014-15 to an estimated Rs 90,00 crore in 2022-23, registering an impressive growth of over 5% in exports.” 60 percent.”
The industry and government are working to scale up electronics manufacturing in India towards meeting the target of $300 billion and PM Modi 3.0 will strengthen this vision over the next five years.The Union Minister said that this growth will emerge even stronger in the next five years as people have faith in PM Modi's policies, his consistent working style and transparency.
“PM Modi's clear focus is to make India a global manufacturing hub. There is unified confidence among people regarding that clear focus,” said Ashwini Vaishnav.
“In the last 10 years, ever since PM Modi launched the Make in India programme, he has made several simplifications around compliance to bring major reforms in manufacturing. The results can be seen today. Look at manufacturing growth in any sector, be it defence, textiles, electronics chemicals, pharmaceuticals or others,” the Union Minister stressed.
Manufacturing has emerged as an important leader in almost every sector and has had a significant impact on employment.
“In electronics manufacturing alone, around 12 lakh new jobs have been created, taking electronics manufacturing to almost $100 billion.In mobile manufacturing, India has become one of the top two countries in the world and the way it is growing is unprecedented. This will greatly benefit the country and increase employment in the coming years,” Ashwini Vaishna explained.
According to the latest government data, “Mobile phone exports have increased from an estimated Rs 1,566 crore in 2014-15 to an estimated Rs 90,00 crore in 2022-23, registering an impressive growth of over 5% in exports.” 60 percent.”
The industry and government are working to scale up electronics manufacturing in India towards meeting the target of $300 billion and PM Modi 3.0 will strengthen this vision over the next five years.The Union Minister said that this growth will emerge even stronger in the next five years as people have faith in PM Modi's policies, his consistent working style and transparency.
“PM Modi's clear focus is to make India a global manufacturing hub. There is unified confidence among people regarding that clear focus,” said Ashwini Vaishnav.
