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.
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.”
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.”
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.
In addition, Vaishnaw outlined a three-tier skilling strategy tailored for the high-tech electronics sector. This includes:
These initiatives aim to prepare a highly skilled workforce, especially for capital-intensive roles that are crucial to the electronics manufacturing ecosystem.
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.
PM Modi lauded Navy officers Lieutenant Commanders Dilna and Roopa for completing the ‘Navika Sagar…
During his latest address on ‘Mann Ki Baat’, PM Modi highlighted India’s initiative to nominate…
Prime Minister Narendra Modi paid homage to revolutionary Bhagat Singh and legendary singer Lata Mangeshkar…
Prime Minister Narendra Modi extended greetings on the sixth day of Shardiya Navratri, dedicated to…
India walked out of the UN General Assembly after Pakistan responded to External Affairs Minister…
External Affairs Minister S Jaishankar delivered a carefully crafted speech at the United Nations General…