India’s solar equipment manufacturing capacity has surged from 2.3 GW in 2014 to 100 GW in 2025, marking a historic milestone driven by policy support, self-reliance goals, and global ambitions.

India’s manufacturing sector has a rare chance to lead globally by shifting from low-cost production to innovation-driven advanced manufacturing in sectors like semiconductors, EV components, and robotics, says Accel’s 2025 report.

The Union Cabinet approved four new semiconductor projects worth US$ 524.93 million under the India Semiconductor Mission, boosting self-reliance, job creation, and advanced electronics manufacturing across multiple sectors.

India’s proposed European Union FTA could open a US$ 875 billion market, boosting competitiveness through strategic partnerships, clean technology, and the Production Linked Incentive (PLI) scheme.

India’s electronics exports surged over 47% YoY to US$ 12.4 billion in Q1 FY26, led by strong growth in mobile phone and component exports, marking a key milestone in building a self-reliant electronics ecosystem.