HomeNewsIndia’s Electronic Exports grow sixfold from ₹1.9 lakh crore to ₹11.3 lakh...

    India’s Electronic Exports grow sixfold from ₹1.9 lakh crore to ₹11.3 lakh crore in a decade: Ashiwini Vaishnaw

    Sh Ashwini Vaishnaw, Union Minister for Railways, Electronics, and Information Technology, took to his Twitter handle to underline India’s stride in the electronic exports. He points toward India’s ongoing transformation into a global electronics export hub driven by the sharp growth in production, jobs, and investments flowing into the sector, bolstered by various initiatives under the central government, including Make in India, PLI, ECMS, etc. 

    He writes, “ India’s growth story in electronics manufacturing is PM  @narendramodi Ji’s vision of developing a comprehensive ecosystem.” He underlines the government’s continuity and effective oversight over the industry, which is leading to sustained development as well as growing impact on the nation and the world. The image he posted shows how the Make in India initiative has brought about a multiplication in the number of Mobile manufacturing units, from 2 in 2014-15 to 300 in 2024-25. 

    Electronics: Among the top 3 export categories 

    For India, out of the total electronics production worth Rs 11.3 Lakh crore in 2024-25, a strikingly high value of  Rs 3.3 Lakh crores is attributed to exports, making electronics rank among the top 3 items exported by India. This also marks an eightfold increase in the export of the electronics item in the year 2024-25, rising from 0.38 Lakh crore in 2014-25. 

    Building Capacity for Modules, Equipment 

    He writes, “ Initial focus on finished products. Now we are building capacity for modules, components, sub-modules, raw materials, and the machines that make them.” He even goes on to add about the Electronics Component Manufacturing Scheme, wherein he talks about attracting 249 applications received amounting to ₹1.15 lakh crore investment, ₹10.34 lakh crore production, and creating 1.42 lakh jobs. He writes, “It is the highest-ever investment commitment in India’s electronics sector. This shows industry confidence.” 

    He also touched upon the Production-Linked Incentive (Large Scale Manufacturing-LSM), which enabled the industry to attract over ₹13,475 crore worth of investment. It is equivalent to a Production value of ~₹9.8 lakh crore. He even adds, “ Electronics manufacturing created 25 lakh jobs in the last decade. This is the real economic growth at the grassroots level. As we scale semiconductors and component manufacturing, job creation will accelerate.”

    “From finished products to components, production is growing. Exports are rising. Global players are confident. Indian companies are competitive. Jobs are being created,” writes the minister as he shares India’s Make In India Impact Story.  

     

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