Advantage India
Robust
Demand
* India has strong design and R&D capabilities in auto electronics and industrial economics. India is the second-largest manufacturer of mobile phones in the world and will be the fifth-largest consumer of electronic products by 2025.
* In FY24, the exports of electronic goods was recorded at US$ 29.11 billion as compared to US$ 23.57 billion during FY23, registering a growth of 23%.
Competitive
Advantage
* India committed to reach US$ 300 billion worth of electronics manufacturing and exports of US$ 120 billion by 2025-26.
* India is home to considerable talent for electronic chip design and embedded software.
Policy
support
* The production-linked incentive (PLI) schemes will provide companies opportunities to establish manufacturing plants in India.
* Major Government initiatives such as ‘Digital India’, ‘Make in India’ and supportive policies including favorable FDI Policy for electronics manufacturing have simplified the process of setting up manufacturing units in India.
Increasing
Investments
* Investment of Rs. 8,803 crore (US$ 1.06 billion) has been made under the scheme for promotion of manufacturing of electronic components and semiconductors.
* The PLI scheme for large scale electronics manufacturing has attracted an incremental investment of Rs. 8,390 crore (US$ 1.01 billion) in June 2024.
Related News
MOREESDM Clusters
- Madhya Pradesh
- Andhra Pradesh
- Punjab
- Kerala
- Tamil Nadu
- Uttar Pradesh
Posters
MORE
THE ESDM SECTOR WILL GENERATE US$ 1 TRILLION OF ECONOMIC VALUE
This growth is mainly attributed to increasing middle-class population, rising disposable incomes and declining electronics prices in the country.
IBEF Campaigns
MORE
Aatmanirbhar Bharat Utsav 2024
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
Case Studies
MOREGrowth and Overview of the Insurance Sector in India: A Comprehensive Study
The Indian insurance sector has transformed significantly over the past few decades and has been contributing significantly to the economic developmen...
India’s Semiconductor Push: Building a Robust Chip Manufacturing Ecosystem
The semiconductor industry plays a massive role in driving economic progress in today’s tech-driven world. India with its ever-growing digital e...
Unlocking Potential: The Rise of the Recommerce Market in India
With technology progressing quickly in line with Moore’s law and technology companies, such as Apple, Dell, Lenovo, Samsung, stirring up gadgets...
IBEF BLOG
MORE
Global Capability Centres are Transforming India's Corporate Landscape
Global In-house Centres or Captives (GICs) or Global Capability Centres (GC...
India's Highest Office Leasing in Five Years: A Sign of Thriving Businesses and a Booming Economy
India’s office leasing space has seen a significant growth over the l...
Gaganyaan Mission: India's First Human Spaceflight Program
India's growth journey in space exploration has reached new heights wit...
Partners
