India’s Minister of State for Electronics and IT says India has ‘unprecedented opportunity’
India has an “unprecedented opportunity” to grow electronics manufacturing to USD 300 billion in the next 3-4 years, building on 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 manufacturing post the outbreak of COVID-19 and India has all the essential elements in place to seize the opportunity, said MoS Electronics and IT Rajeev Chandrasekhar.
Chandrasekhar released a vision document on ‘increasing India’s electronics exports and share in Global Value Chain’ that outlines the sheer scale of opportunity along with challenges, and suggests a policy prescription for India to grow from current about USD 75 billion in 2020-21 to USD 300 billion by 2025. Of the USD 300 billion target, nearly 40 per cent would be exports.