Minister of State for Electronics & IT and Skill Development and Entrepreneurship Rajiv Chandrashekhar said, India is working to create an essential ecosystem to become an electronic manufacturing hub and a credible player in the global value chain.
According to Mr. Chandrashekhar, during 2014-15, there was an electronic production of ₹1.8 lakh crore in the country, which has now reached ₹5.5 lakh crore after five years.
“We were marginal players for decades, but supportive policies have helped the sector grow. We want our electronics manufacturing industry to reach $250-300 billion by 2024-25.
Elaborating on India’s ability to meet global demand for a diverse supply chain, Mr. Chandrashekhar said, “We see that India is a very important provider of reliable goods and services to the global market. There is an opportunity and we are working on it. This is a Y2K moment for the digital economy and its stakeholders.”
The minister said, while speaking at a session on “Reviving the Economy: Reevaluation”, the central government was looking beyond equipment and communications to expand equipment and system manufacturing to various industries, including automotive and healthcare. reboot. Reform” in Public Affairs Forum of India.
On manufacturing semiconductors, Mr Chandrashekhar said, India wants to be a serious player in the electronic manufacturer and is not looking at mere ‘headline grabbing’ initiatives.
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