New Delhi: Addressing the media in New Delhi on March 4, Rajeev Chandrasekhar said that mobile phones will be among the top 10 categories for exports from India from 2024.
Stating that Prime Minister Narendra Modi has laid out a very clear vision of India becoming an important player in the global electronics supply chain, the Union Minister of State for Electronics and Information Technology further said that “India will be $300 billion electronics manufacturing by 2026”. , that a “framework of modern laws” was being created and soon there would be a “Digital India Act” to enable start-ups in India.
He also said that PM Modi wants to expand the electronic ecosystem, ANI informed of. “Very soon a comprehensive semiconductor ecosystem including design, packaging, fabrication and manufacturing will be established in India,” he added.
Stating that India will soon be a global manufacturing hub, he said, “There is an underlying vision and policy framework that is causing this shift in global brands to explore India as a global manufacturing destination.”
Earlier the same day, speaking at the Raisina Dialogue 2023 session, he had said that to prevent excessive dependence on Chinese semiconductors, nations needed to cooperate with each other, Hindu informed of.
“Semiconductors are the reordering of the world. No one country is going to be able to do this alone. Countries should not ‘deceive’ themselves into thinking they can be the ‘king of the hill’ in localizing the entire supply chain. ‘ Will happen.
In an interview with PTI ahead of Budget 2023, the minister had said that the government will now expand the electronics manufacturing ecosystem with a new production-linked incentive scheme for manufacturers of wearables, IT hardware and component makers.
He also said that the emphasis has been on mobile phones as it is the fastest growing segment of the global electronics industry.
The Electronics Component Manufacturers Association (ELCINA) has recommended that the government allocate USD 10 billion (about Rs 80,000 crore) over the next eight years to ramp up production of electronic components and modules required, other than semiconductors. He also requested a four-year extension of the scheme to promote manufacturing of electronic components and semiconductors (spec) and an increase of Rs 16,000 crore in the Union budget for 2023-24. livemint informed of.
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