India has an “unprecedented opportunity” to grow electronics manufacturing to USD 300 billion in the next 3-4 years, building on the scale, competitiveness, large market, and enabling policies, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday.
The world is seeking more trusted sources for electronics post-COVID-19 and India has all the key elements in place to grab the opportunity, he said.
The minister also released a vision document on increasing India’s electronics exports and share in Global Value Chain.
The Vision document (Volume-I) focuses on the opportunities and key inputs to increase India’s share in the Global Value Chain and build large-scale manufacturing capabilities to achieve a substantial share in global electronics export.
Ministry of Electronics and Information Technology (MeitY) has released Volume-I of Vision Document on ‘Increasing India’s Electronics Exports and Share in GVCs’. The move is being aimed to increase exports and India’s share in global supply chains “Local Goes Global”, a government release said.
MeiTY envisions 1000 Days to achieve a target of USD 1 Trillion Digital Economy for Atma Nirbhar Bharat. It has been prepared by Indian Cellular Electronics Association (ICEA) in consultation with the industry.