Union Minister of state for entrepreneurship, skill development, electronics and technology Rajeev Chandrashekhar addressed a session on India’s role in Electronics and semiconductor manufacturing. He mentioned the target set by PM Modi to increase the production in the electronics sector by $300 billion by 2025-26, which is 26 times the increase in a period of 10 years.
He also highlighted that this will also fuel the growth of semiconductors, which eventually will accelerate the digitization of automotive, mobility and computing Indian government is committed to funding $30 billion in electronics and semiconductors, where $20 billion will be which would break down as $20 billion in electronics manufacturing and design and $10 billion in semiconductors manufacturing, research and design.
Minister of state also mentioned that India aims to be a trusted partner in the semiconductor sector for which the government of India has introduced the India semiconductor mission which is a specialised and independent business division within the digital India corporations that aims to build a vibrant semiconductor and display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.
In 2014, 92 per cent of mobile devices consumed in India were imported and close to 100 per cent was imported. However, in 2022, 97 per cent of mobile devices consumed in India were manufacutured here and we exported nearly Rs 74,000 crore worth electronic products to consumers around the world.