India To Produce $300 Billion Worth Electronic Goods By 2026

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India To Produce $300 Billion Worth Electronic Goods By 2026

| Updated: March 5, 2023 13:44

Rajeev Chandrasekhar, a Union Minister, stated that Prime Minister Narendra Modi has outlined a vision for India that calls for the country to produce $300 billion worth of electronic goods by 2026 and play a prominent role in the global electronics supply chain.

“PM has laid out a very clear vision that India will be a significant player in the global electronics supply chain. He laid a target that India will do a 300 billion dollars of electronics manufacturing by 2026,” said Mr Chandrasekhar on Saturday.

“From next year, mobile phones will be among top 10 categories for exports from India. There is an underlying vision and policy framework that is causing this shift in global brands to seek India as a global manufacturing destination.” Additionally, he stated that PM Modi is committed to expanding the electronic ecosystem. 

“Very soon a comprehensive semi-conductor ecosystem including design, packaging, fabrication and manufacturing will be established in India,” said the Minister.

“We are creating a framework of modern laws, and India is becoming a global hub for innovation. One of the enabling environments for our start-ups is a modern framework of policies. We will soon do the Digital India Act,” he concluded.

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