The growth of electronics manufacturing in India is unprecedented, having emerged out as one of the leading industries with a market size of ₹11.5 lakh crore, Union Minister for Electronics and Information Technology Ashwini Vaishnaw stated.
Addressing a press conference at the BJP headquarters, the minister said production in the sector has increased almost six times in the last 11 years, while exports have increased eight times. This growth, he said, has also created direct and indirect employment opportunities for more than 25 lakh people across the country.
The Minister explained how India has moved towards self-reliance in electronics and can almost make any component that goes inside devices like mobile phones. “From glass and casings to chips, PCBs, and camera modules, all are being manufactured domestically,” he added.
Highlighting a new plant set up in Sohna, Haryana, the minister added that the facility will be manufacturing smartphone batteries. The plant alone is expected to produce nearly 20 crore battery packs, helping meet the nation’s demand of around 50 crore units annually.
According to the minister, the momentum of Swadeshi is forming, and a higher acceptance will build up the spirit of a self-reliant India. Encouraging people to purchase Indian goods, he said.
From the economic perspective, Vaishnaw associated the growth of the sector with the recent GST rationalisation, which has simplified tax slabs and lowered rates for household electronics. He said that consumers can expect lower prices in the near future on TVs, refrigerators, microwave ovens, dishwashers and power banks.
“With the GST reforms, Prime Minister Modi has given considerable relief to the middle-class families by easing the tax burden on daily essentials as well as household appliances,” said the minister.
