New Delhi, Oct 29 (NationPress) Commerce Minister Piyush Goyal emphasized the necessity of bolstering domestic capabilities throughout the electronics value chain. He highlighted that enhancing self-reliance in both finished products and components will be crucial for maintaining India’s export momentum and decreasing import reliance.

Speaking at the 4th Annual General Meeting (AGM) of the Mobile and Electronic Devices Export Promotion Council (MEDEPC), he noted that India’s electronics manufacturing sector is currently undergoing a significant transformation, driven by visionary policy initiatives, record investments, and growing global partnerships.

In line with the Prime Minister’s ambition of achieving $500 billion in electronics manufacturing by 2030, India is swiftly establishing itself as a dependable global hub for electronics design, production, and exports.

The country’s export performance tells an impressive growth narrative, with overall electronics exports soaring by 41.9 percent, reaching $22.2 billion during April–September 2025, up from $15.6 billion in the same timeframe last year.

Smartphone exports saw a remarkable increase of 58 percent, climbing to $13.38 billion, compared to $8.47 billion in the corresponding period of 2024.

In FY 2024–25, India achieved $38.6 billion in electronics exports, marking a 32.6 percent year-on-year growth, solidifying its expanding role within global value chains.

India now holds the position of the third-largest smartphone exporter worldwide, marking a significant achievement in its journey towards manufacturing supremacy.

The country’s growing involvement in global value chains (GVCs) highlights its evolution into a resilient and trustworthy manufacturing hub, providing stability and scalability during global supply chain adjustments.

Increased domestic sourcing of key components—such as batteries, chargers, camera, and display modules—has further improved local value addition and self-sufficiency.

Guided by the Ministry of Commerce and Industry and DGFT, the government has implemented various measures to simplify trade operations and boost export competitiveness.

Initiatives like customs automation, single-window clearances, and export facilitation cells at major ports and industrial clusters have enhanced logistics and minimized compliance challenges for exporters.

Current Free Trade Agreement (FTA) negotiations with the EU, UK, and EFTA aim to unveil new market access possibilities for Indian electronics manufacturers.