India’s Electronics Manufacturing Expands 7-Fold to ₹13 Lakh Crore: Ashwini Vaishnaw
India’s electronics manufacturing industry has undergone massive expansion over the past twelve years, with total domestic output surging sevenfold to surpass ₹13 lakh crore, according to Union Minister for Electronics and IT Ashwini Vaishnaw. Along with domestic production gains, the country’s electronics exports have also experienced significant acceleration during the same timeframe.
What Happened
Addressing the progress of the domestic technology hardware ecosystem, Electronics & IT Minister Ashwini Vaishnaw announced that India’s electronics production valuation has crossed the ₹13 lakh crore mark. Alongside domestic output, electronics outbound shipments expanded elevenfold, crossing ₹4 lakh crore over the 12-year period.
The minister also shared performance metrics from targeted policy initiatives, specifically detailing outcomes under the Electronics Component Manufacturing Scheme. Under this initiative, the government has cleared 106 separate projects. These approved manufacturing ventures have together mobilized close to ₹70,000 crore in capital investment and are generating lakhs of both direct and indirect employment opportunities across the country.
Key Highlights
- Total Production Growth: Electronics manufacturing expanded sevenfold, rising to more than ₹13 lakh crore over the past 12 years.
- Export Surge: Shipments of electronic goods overseas increased 11 times to exceed ₹4 lakh crore.
- Component Scheme Progress: A total of 106 projects have secured approval under the Electronics Component Manufacturing Scheme.
- Capital Inflow: The approved projects under the component scheme have brought in nearly ₹70,000 crore in investments.
- Job Creation: The scheme’s projects are generating lakhs of direct and indirect jobs.
- Projected Output: These component initiatives are projected to yield approximately ₹5.34 lakh crore in overall production.
- Component Focus: Domestic capability has expanded in products such as printed circuit boards (PCBs), enclosures, connectors, laminates, and lithium-ion cells.
Why This Matters
The transition toward component-level manufacturing reflects a strategic move beyond basic assembly. According to Vaishnaw, India is building self-reliance across critical hardware inputs, including printed circuit boards, lithium-ion battery cells, enclosures, laminates, and connectors. With projects under the component scheme anticipated to generate roughly ₹5.34 lakh crore in total manufacturing output, the domestic supply base is being positioned to supply essential parts locally rather than relying exclusively on imported inputs.
What to Watch Next
Following the clearance of the 106 component projects, attention moves to their execution and the realization of the projected ₹5.34 lakh crore in production output. The ongoing implementation of these ventures will determine how effectively the pledged ₹70,000 crore investment translates into sustained local component supply and projected job generation.
Frequently Asked Questions
What is the current scale of India’s electronics manufacturing?
According to Electronics & IT Minister Ashwini Vaishnaw, electronics manufacturing in India has grown sevenfold over the past 12 years to reach more than ₹13 lakh crore.
How much have electronics exports grown?
Over the same 12-year duration, electronics exports from India have increased 11 times, crossing ₹4 lakh crore.
What are the outcomes of the Electronics Component Manufacturing Scheme so far?
The scheme has seen 106 project approvals, attracting nearly ₹70,000 crore in investment, creating lakhs of direct and indirect jobs, and pointing toward an estimated ₹5.34 lakh crore in total production.
Which electronic components are seeing increased domestic manufacturing?
Minister Vaishnaw highlighted rising domestic self-reliance in components such as enclosures, printed circuit boards (PCBs), lithium-ion cells, connectors, and laminates.
Source: Information reported by Business Today based on statements from Electronics & IT Minister Ashwini Vaishnaw.