To address the issue of unemployment, the Indian government plans to create jobs in the electronic manufacturing sector.
According to sources in the Ministry of Electronics and Information Technology, the Indian government is expected to double electronic manufacturing in the country over the next five years, creating significant job opportunities.
According to a source in the Ministry of Electronics and Information Technology, India’s electronic manufacturing is projected to reach approximately USD 250 billion in the next five years. Currently, the country’s electronic exports stand at USD 125-130 billion. The government aims to double jobs in the electronic manufacturing sector from 2.5 million to around 5 million within this period.
“Our focus remains the same on providing services to digital technology, our focus remains on getting large-scale electronics manufacturing. Those focus remain exactly and those target goals will only get accelerated” said Ashwini Vaishnaw Minister for Electronics and Information Technology.
The sources highlight that India is already transitioning from import substitution to Aatmanirbhar (self-reliance) and becoming an export-led manufacturer in certain segments, like mobile phones. For laptops, India is still in the phase of becoming Aatmanirbhar.
Sources indicate that India is transitioning from import substitution to self-reliance (Aatmanirbhar) and is becoming an export-led manufacturer in segments like mobile phones. For laptops, India is still moving towards self-reliance. The Indian government is actively promoting domestic electronic manufacturing through various incentive schemes, with a financial outlay of Rs 760 billion provided by the PM Modi-led government, demonstrating their commitment. India’s per capita electronic consumption is one-fourth of the global average.
China and Hong Kong account for a significant portion of India’s electronic imports, representing 44% and 16%, respectively. Conversely, mobile phones and Electronic Control Units (ECUs) dominate India’s electronic exports, with the United States and the UAE emerging as the largest export destinations.
Experts believe that India’s electronic manufacturing sector is undergoing a transition, positioning the nation as a global electronics manufacturing hub. This shift is expected to drive economic development, job creation, and technological innovation across the country.
To solidify India’s position as a global hub for electronic manufacturing, the government has announced several schemes, including the Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, the PLI Scheme for IT Hardware, the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), and the Modified Electronics Manufacturing Clusters Scheme (EMC 2.0). Additionally, the government introduced the Semicon India Program with an incentive outlay of USD 10 billion to develop a sustainable semiconductor and display ecosystem, establishing India as a global hub for semiconductor and display manufacturing.