India has significantly increased its electronics production, becoming the world’s second-largest mobile manufacturing country, according to Union Minister of Electronics and Information Technology Ashwini Vaishnaw. Over the past 11 years, the country has boosted electronic exports by eightfold, largely due to support from the Production Linked Incentive Scheme, as highlighted by Vaishnaw on social media platform X.
The Production Linked Incentive Scheme for Large Scale Electronics Manufacturing has attracted investments exceeding Rs 13,475 crore, leading to a production output of about Rs 9.8 lakh crore in the electronics sector. This growth has not only bolstered manufacturing but has also resulted in job creation and increased exports, Vaishnaw emphasized.
Vaishnaw pointed out that the electronics sector has seen the creation of over 1.3 lakh jobs in the last five years, propelling electronics to become India’s third-largest export category, a significant jump from its previous seventh-place ranking. Initially focusing on finished products, the country has now shifted its attention to building capacity for modules, components, sub-modules, raw materials, and the machinery required for their production.
The Electronics Component Manufacturing Scheme has received 249 applications, representing investments of Rs 1.15 lakh crore and a projected production value of Rs 10.34 lakh crore, leading to the creation of 1.42 lakh jobs. This surge in investment marks the highest-ever commitment to India’s electronics sector, indicating a strong vote of confidence from the industry.
Highlighting progress in the semiconductor sector, Vaishnaw mentioned that ten units have been approved, with three already in pilot or early production stages. He expressed optimism that fabs and ATMPs from India will soon supply chips to phone and electronics manufacturers, further boosting the domestic electronics industry.
Vaishnaw emphasized the significant job creation potential in electronics manufacturing, citing the creation of 25 lakh jobs in the past decade. He underscored the importance of scaling up semiconductor and component manufacturing, which will not only accelerate job creation but also drive growth in production and exports. The minister highlighted the growing confidence of global players in India’s electronics industry, emphasizing the competitiveness of Indian companies and the positive impact of ‘Make in India’ initiatives.
