Electronics parts set to plug into Make-in-India play: Union Electronics and IT minister Ashwini Vaishnaw
electronics component ecosystem in India, union minister for electronics & information technology Ashwini Vaishnaw said.
Vaishnaw, who is also the minister for railways and information & broadcasting, said more than 99% of all mobile phones used in the country are being made in India.
“This year, Apple will be manufacturing its latest model in India,” Vaishnaw said at The Economic Times World Leaders Forum. “The value of electronics manufacturing in India had increased to $105 billion as of 2022-23, up from $29 billion in 2013-14. We are preparing a programme where the component ecosystem can expand in India in the same way as electronics and mobile manufacturing has expanded.”
The government is likely to allocate up to Rs 40,000 crore to an electronics component manufacturing scheme, which is expected to be launched later this year. It expects successful applicants under the scheme to invest around Rs 82,000 crore, while the total value of components produced by these firms could be between Rs 1.95 lakh crore and Rs 2 lakh crore during the course of the scheme.
The focus on the electronics component ecosystem will be akin to production-linked incentive schemes for mobiles and semiconductors, Vaishnaw said. The minister said that the production value of mobile phones manufactured in India had increased from Rs 18,900 crore in 2014 to Rs 4.1 lakh crore in 2024.
In the semiconductor chips manufacturing and packaging ecosystem, the government is on track to complete the construction of all four approved
