Government to achieve $300 billion in electronic production by 2026
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, stated that the government is committed to boosting domestic manufacturing to make India more robust to supply chain disruptions in order to meet the aim of $300 billion in electronic production by 2026. He added that it is very timely and will assist the government in determining the obstacles to be addressed and the approaches to take in order to meet this goal. He stated that the goal of the government is to become a reliable and trusted partner in global value chains. According to the minister, India has been successful in methodically constructing a structure and plan that clearly define the objectives of a $300 billion electronics manufacturing ecosystem with $120 billion in exports by 2026. He claimed that this report’s description of the government’s strategy for the upcoming years is both very significant and fascinating. Chandrasekhar went on to say that the analysis implies that in order for India to compete in the electronics manufacturing industry, it will need to export aggressively.
