Business

India’s Electronics Manufacturing Grows Fivefold In Six Years: Minister Vaishnaw

Union Minister Ashwini Vaishnaw announced on Friday that electronics manufacturing in India has grown fivefold over the past six years, with the sector’s total value now surpassing ₹11 lakh crore.

He also revealed that electronic exports have increased sixfold in the last decade, crossing ₹3.25 lakh crore.

Major Milestone In ‘Make In India’ Journey

Speaking at the inauguration of VVDN Technologies’ state-of-the-art Surface Mount Technology (SMT) Line and Mechanical Innovation Park at the company’s Global Innovation Park in Manesar, Vaishnaw celebrated the sector’s impressive progress.

“Electronics manufacturing stands as one of the biggest success stories of the ‘Make in India’ initiative,” the minister said.

“The sector now employs more than 25 lakh people and is poised for exponential growth.”

Cabinet Clears New Component Manufacturing Scheme

Vaishnaw also highlighted the recently approved New Electronics Component Manufacturing Scheme, calling it a key step toward strengthening India’s role in global electronics supply chains.

He confirmed that the scheme guidelines will be released soon.

Also Read: India’s Forex Reserves Continue Upward Trend; Rise By $1.57 Billion

“India is now capable not only of manufacturing but also of designing advanced electronic products,” he said. “This gives us a significant edge over other countries that lack strong design capabilities.”

India’s Vision: A Trusted Electronics Hub

Reaffirming the government’s commitment to building a trusted and resilient electronics manufacturing base, the minister emphasised the importance of intellectual property protection, design-led innovation, and diverse rare earth supply chains.

Focus On Industry-Ready Skilling Programmes

In addition, Vaishnaw outlined a three-tier skilling strategy tailored for the high-tech electronics sector. This includes:

  • Basic technical training
  • On-site, product-specific skill development
  • Industry-aligned university courses

These initiatives aim to prepare a highly skilled workforce, especially for capital-intensive roles that are crucial to the electronics manufacturing ecosystem.

Looking Ahead

As India cements its position in global electronics manufacturing, the government’s forward-looking policies and strong public-private partnerships are expected to drive further growth.

With innovation hubs like VVDN’s facility in Manesar leading the way, the nation appears well on track to becoming a global powerhouse in electronics design and production.

Richa Kaushik

Recent Posts

OpenAI Launches ‘OpenAI Academy India’ To Boost AI Education Nationwide

OpenAI, in collaboration with the Indian government’s IndiaAI mission, launched its first international educational platform…

8 hours ago

Mahua Moitra Confirms Marriage To Former BJD MP Pinaki Misra

Trinamool Congress MP Mahua Moitra on Thursday confirmed her marriage to senior advocate and former…

8 hours ago

PM Modi Launches ‘Aravali Green Wall’ Project On World Environment Day

PM Narendra Modi on Thursday launched the ambitious ‘Aravali Green Wall’ project by planting a…

8 hours ago

Dassault And Tata To Manufacture Rafale Fuselages In India By 2028

French aerospace giant Dassault Aviation has signed four agreements with Tata Advanced Systems Limited (TASL)…

9 hours ago

PM Modi Emphasises Indian Railways’ Role In Building A Greener Future

On the occasion of World Environment Day, PM Narendra Modi underscored the crucial role of…

9 hours ago

AIIMS Delhi, IIT Delhi To Establish Center Of Excellence For AI In Healthcare

The All-India Institute of Medical Sciences (AIIMS) and the Indian Institute of Technology (IIT) Delhi…

9 hours ago