New Delhi [India]: India's electronics manufacturing is likely to double in the next five years, according to sources in the Ministry of Electronics and Information Technology.
The country's electronic manufacturing is likely to reach around US$250 billion in the next 5 years, a ministry source said.
The country's current electronics exports are US$125-130 billion.
The government also aims to solve the problem of unemployment by creating jobs in the electronic manufacturing sector. Currently 25 lakh people are employed in electronic manufacturing.The government aims to double the jobs in the electronic manufacturing sector from 25 lakh to about 50 lakh in the next five years.
Electronics and Information Technology Minister Ashwini Vaishnav said, "Our focus is the same on providing services to digital technology, our focus is on achieving large-scale electronics manufacturing. Those focuses still remain and those target targets will accelerate. "
Sources highlight that India in some sectors, for example in mobile, is already at the stage where it is moving from import substitution and becoming self-reliant and an export-led manufacturer. India is in the stage of becoming self-reliant in terms of laptops.The Government of India, through various incentive schemes, has also provided an outlay of Rs 760 billion for electronic manufacturing in India. India's per capita electronic consumption is one-fourth of the global consumption.
In terms of imports, China and Hong Kong have a significant share in India's total electronics imports, representing 44 per cent and 16 per cent respectively.
In contrast, mobile phones and electronic control units (ECUs) dominate India's electronic exports, with the United States and the United Arab Emirates emerging as the largest export destinations, collectively accounting for a large share of India's electronic products. absorb.
According to experts, India's electronics manufacturing sector is undergoing a transformation, and the country's position as a global electronics manufacturing hub is poised to strengthen, driving economic growth, job creation and technological innovation across the country. .To establish India as a global hub for electronics manufacturing, the government has launched the Production Linked Incentive Scheme (PLI) for large-scale electronics manufacturing, Production Linked Incentive Scheme (PLI) for IT hardware, etc. to promote manufacturing. Various schemes have been announced including the scheme for. Electronic Components and Semiconductors (SPECS) and Revised Electronics Manufacturing Cluster Scheme (EMC 2.0)
Additionally, the government also introduced the Semicon India Program with an incentive outlay of US$10 billion with a view to developing a sustainable semiconductor and display ecosystem in the country. This program will establish India as a global hub for semiconductor and display manufacturing.
The country's electronic manufacturing is likely to reach around US$250 billion in the next 5 years, a ministry source said.
The country's current electronics exports are US$125-130 billion.
The government also aims to solve the problem of unemployment by creating jobs in the electronic manufacturing sector. Currently 25 lakh people are employed in electronic manufacturing.The government aims to double the jobs in the electronic manufacturing sector from 25 lakh to about 50 lakh in the next five years.
Electronics and Information Technology Minister Ashwini Vaishnav said, "Our focus is the same on providing services to digital technology, our focus is on achieving large-scale electronics manufacturing. Those focuses still remain and those target targets will accelerate. "
Sources highlight that India in some sectors, for example in mobile, is already at the stage where it is moving from import substitution and becoming self-reliant and an export-led manufacturer. India is in the stage of becoming self-reliant in terms of laptops.The Government of India, through various incentive schemes, has also provided an outlay of Rs 760 billion for electronic manufacturing in India. India's per capita electronic consumption is one-fourth of the global consumption.
In terms of imports, China and Hong Kong have a significant share in India's total electronics imports, representing 44 per cent and 16 per cent respectively.
In contrast, mobile phones and electronic control units (ECUs) dominate India's electronic exports, with the United States and the United Arab Emirates emerging as the largest export destinations, collectively accounting for a large share of India's electronic products. absorb.
According to experts, India's electronics manufacturing sector is undergoing a transformation, and the country's position as a global electronics manufacturing hub is poised to strengthen, driving economic growth, job creation and technological innovation across the country. .To establish India as a global hub for electronics manufacturing, the government has launched the Production Linked Incentive Scheme (PLI) for large-scale electronics manufacturing, Production Linked Incentive Scheme (PLI) for IT hardware, etc. to promote manufacturing. Various schemes have been announced including the scheme for. Electronic Components and Semiconductors (SPECS) and Revised Electronics Manufacturing Cluster Scheme (EMC 2.0)
Additionally, the government also introduced the Semicon India Program with an incentive outlay of US$10 billion with a view to developing a sustainable semiconductor and display ecosystem in the country. This program will establish India as a global hub for semiconductor and display manufacturing.
