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
* Apple's iPhone exports from India reached US$ 5 billion in the first five months of FY25, marking a remarkable 54% increase from US$ 3.2 billion during the same period last year.
* India committed to reach US$ 300 billion worth of electronics manufacturing and exports of US$ 120 billion by 2025-26.
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
* Tata Consultancy Services (TCS) is partnering with Tata Electronics Pvt Ltd to support India's goal of producing its first domestically manufactured chips by 2026.
* 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.
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