Indian Economy News

India emerges as sixth-largest electronics exporter, says Union Minister Mr. Ashwini Vaishnaw

  • IBEF
  • June 18, 2026

India is rapidly strengthening its position as a global electronics manufacturing hub, driven by expanding production capabilities, rising exports and strong policy support. Speaking at the inauguration of US-based Jabil’s new manufacturing facility in Pune, Union Minister Mr. Ashwini Vaishnaw said India has become the world’s sixth-largest exporter of electronics and is steadily emerging as a preferred destination for global manufacturers. The statement further emphasised that under the leadership of Prime Minister Mr. Narendra Modi, the country has transformed into a major electronics production centre, supplying products to markets worldwide. Additionally, the statement noted that India aims to become the world’s second-largest electronics exporter in the coming years, supported by continued investments in advanced manufacturing and supply-chain development.

To further strengthen the electronics ecosystem, the government is accelerating semiconductor development, with two semiconductor plants currently under construction and two more expected to be added by the end of the year. Moreover, the statement outlined that plans are underway to begin manufacturing mechanical precision parts in Pune, enhancing domestic capabilities across the electronics and semiconductor value chain. Maharashtra is emerging as a key beneficiary of this growth, aided by investor-friendly reforms and robust infrastructure. Chief Minister Mr. Devendra Fadnavis noted that nearly 60% of India’s data centre capacity is located in Maharashtra, reinforcing its status as a leading technology investment destination. The statement also underscored that the Mumbai-Ahmedabad Bullet Train and the upcoming Wadhvan Port project are expected to boost logistics efficiency, trade, exports and industrial development while creating one of India’s most significant economic corridors.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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