Set up in January this year, the MeitY task force, led by Ajay K Sood, the government's chief scientific advisor, features key industry figures such as Ajai Chowdhry, founder of HCL and chairman of EPIC Foundation, and Sunil Vachani , CEO of Dixon Technologies.
The task force also reportedly advocates extending the production-linked incentive (PLI) scheme until 2030, which has helped global players like Apple create a strong supply chain and increase exports, in addition to improving fiscal policies for research and development.
According to Chowdhry, the aim is to reduce India's electronics import bill.
“The next five years will play a decisive role in shaping the coming decades for electronics design and manufacturing in India. If we want to be a manufacturing nation and compete directly with China to serve the global electronics market, the country will have to present its best minds who understand business,” said Chowdhry, also chairman of the board of directors of National Quantum mission. month.
According to members of the task force, the last 10 years have ensured that Indian businesses are revitalized and Prime Minister Narendra Modi's call for 'Aatmanirbharta' has been met with great appreciation and action on the ground.
"The time has come to transition and focus on value-added manufacturing as well as 'design in India' products, thereby positioning India as a creator of global brands," they said.
Meanwhile, the domestic electronics industry has also urged the government to consider reducing tariffs on inputs in the upcoming budget and increase local manufacturing to further beat China and Vietnam.
The country's electronics manufacturing output hit a record $115 billion in FY24, with $29.1 billion in electronics exports, making electronics the fifth largest category of country's largest export.
Mobile phones alone contributed over 54 percent of this export, with a production of $51 billion in FY24.
The country aims to reach $300 billion in electronics manufacturing by 2030.
The task force also reportedly advocates extending the production-linked incentive (PLI) scheme until 2030, which has helped global players like Apple create a strong supply chain and increase exports, in addition to improving fiscal policies for research and development.
According to Chowdhry, the aim is to reduce India's electronics import bill.
“The next five years will play a decisive role in shaping the coming decades for electronics design and manufacturing in India. If we want to be a manufacturing nation and compete directly with China to serve the global electronics market, the country will have to present its best minds who understand business,” said Chowdhry, also chairman of the board of directors of National Quantum mission. month.
According to members of the task force, the last 10 years have ensured that Indian businesses are revitalized and Prime Minister Narendra Modi's call for 'Aatmanirbharta' has been met with great appreciation and action on the ground.
"The time has come to transition and focus on value-added manufacturing as well as 'design in India' products, thereby positioning India as a creator of global brands," they said.
Meanwhile, the domestic electronics industry has also urged the government to consider reducing tariffs on inputs in the upcoming budget and increase local manufacturing to further beat China and Vietnam.
The country's electronics manufacturing output hit a record $115 billion in FY24, with $29.1 billion in electronics exports, making electronics the fifth largest category of country's largest export.
Mobile phones alone contributed over 54 percent of this export, with a production of $51 billion in FY24.
The country aims to reach $300 billion in electronics manufacturing by 2030.
