According to Mohindroo, the significant growth in mobile phone manufacturing over the past decade, which has reached Rs 50 billion, has laid the foundation for very strong growth in overall electronics.

“Now as a nation we have to accelerate in all sectors, not only in mobile manufacturing but also in IT hardware, laptops, desktops, servers, consumer electronics, auto electronics and all other sectors of electronics so that India becomes a global manufacturing destination For electronics,” Mohindru told IANS.

In a recent report, ICEA noted that as India aims to increase electronics production to $300 billion by FY26, this will lead to demand for semiconductors worth $90-$100 billion, which will mainly be driven by domestic mobile manufacturing.

Mohindroo further noted that the country needs a very passionate leadership as it has in the last 10 years "to propel India towards being a global electronics manufacturing destination on a much larger scale than it has been in previous years." That's a fourfold increase of 400 percent." 10 years".

According to ICEA data, the domestic market is expected to grow from $65 billion to $180 billion over the next 5 years, making electronics among India's 2-3 top ranking exports by 2026.

Of the $300 billion, exports are expected to grow from an estimated $15 billion in 2021-22 to $120 billion by 2026.