New Delhi, December 6 (IANS). According to recent information given in Parliament, electronics manufacturing in India has expanded 6 times in the last 11 years, from Rs 1.9 lakh crore in 2014-15 to Rs 11.32 lakh crore by 2024-25.
This achievement is significant in establishing the country as an important electronics manufacturer.
Union Minister of State for Electronics and Information Technology Jitin Prasad told in the Rajya Sabha that the Electronics and Semiconductor Policy of the Government of India is based on PM Modi’s vision of ‘Self-reliant India’ and ‘Make in India’.
According to the information given by him, the PLI scheme for Large Scale Electronics, started in 2020, has attracted an investment of Rs 14,065 crore.
Regarding mobile manufacturing, he informed that in the last 11 years the total number of mobile manufacturing units has increased from 2 to more than 300. Since the launch of PLI for LSEM, mobile manufacturing has increased from Rs 2.2 lakh crore to Rs 5.5 lakh crore in 2020-21.
Regarding the country’s electronics exports, the Union Minister of State said that electronics exports have increased eight times from Rs 38 thousand crore in 2014-15 to Rs 3.26 lakh crore in 2024-25. Mobile exports have also increased from approximately Rs 22 thousand crores to more than Rs 2.2 lakh crores. With this, electronics is now the third largest export category.
Industry estimates suggest that the electronics sector now provides employment to approximately 25 lakh people.
According to Union Minister of State Jitin Prasad, based on the success of electronics manufacturing, the government launched a program for the development of semiconductors in 2022. The government’s focus is on developing the entire semiconductor ecosystem. At the same time, ten semiconductor units have been approved with a cumulative investment of Rs 1.6 lakh crore in less than 3 years.
–IANS
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