Synopsis
India is advancing in the electronics sector by exporting high-end components globally, as stated by Union Minister Ashwini Vaishnaw. The PLI 2.0 scheme and Make in India initiative are driving this growth, reducing import dependency and enhancing domestic manufacturing capabilities.Key Takeaways
- India is exporting high-end electronic components.
- The PLI 2.0 scheme is boosting domestic production.
- India aims for self-reliance in electronics.
- The first ‘Made in India’ semiconductor chip is set for production.
- Mobile manufacturing has increased significantly.
New Delhi, Feb 28 (NationPress) India is achieving remarkable progress in the electronics domain as the nation embarks on exporting premium electronic components to international manufacturing centers, Union Minister for Railways, Electronics, and IT, Ashwini Vaishnaw announced on Friday.
In a message on the social media platform X, Vaishnaw emphasized the government's dedication to enhancing the production of components, sub-assemblies, and capital equipment for both domestic and global markets.
"India is venturing into 'new frontiers' in electronics manufacturing," he stated.
Vaishnaw further mentioned that the country has initiated exports of high-end electronic components to various global manufacturing locations.
"Our goal is to boost exports and enhance value addition through this strategically designed initiative," he remarked.
The PLI 2.0 scheme and Make in India initiative have fostered domestic production while minimizing reliance on imports, empowering Indian manufacturers to compete globally.
The Electronics and IT Minister recently posted on X, featuring a laptop that is both “Designed” and “Made in India.”
The video highlighted the laptop as a representation of India's growing capabilities in hardware innovation and development.
“Designed in India and Made in India,” the Minister noted in the video caption on X.
The Union Minister also disclosed that the first ‘Made in India’ semiconductor chip is set to commence production this year.
Last month, the government reported that the PLI 2.0 scheme for IT hardware has generated Rs 10,000 crore in production and created 3,900 jobs within just 18 months of its inception.
Meanwhile, the electronics manufacturing sector in the country has witnessed substantial growth over the past decade, with total production soaring from Rs 2.4 lakh crore in 2014 to Rs 9.8 lakh crore in 2024.
Mobile manufacturing in India has surged, with 98 percent of mobile phones utilized in the country now being produced domestically.
Smartphones have also emerged as India's fourth-largest export item.
The Indian government has been actively advocating for self-sufficiency in electronics manufacturing through initiatives like the Production-Linked Incentive (PLI) scheme and 'Make in India'.
