Electronics and Information Technology Minister Ashwini Vaishnaw has highlighted that electronics has emerged as India’s third-largest export category, climbing from seventh place. In a social media post, the Minister said India is the second-largest mobile manufacturing country in the world. He said that India’s growth story in electronics manufacturing is driven by Prime Minister Narendra Modi’s vision of developing a comprehensive ecosystem.
Mr Vaishnaw said that the PLI Scheme for Large Scale Electronics Manufacturing (LSEM) attracted investment of over 13,475 crore rupees and achieved production worth 9.8 lakh crore rupees. He noted that the scheme has significantly boosted manufacturing, jobs, and exports in the electronics sector by creating over 1.3 lakh jobs in the last 5 years. The Minister said the government is now focusing on building capacity for modules, components, sub-modules, raw materials, and manufacturing machinery.
He added that the Electronics Component Manufacturing Scheme is supporting this transition, with 249 applications representing 1.15 lakh crore rupees investment, 10.34 lakh crore rupees production, and creating 1.42 lakh jobs. He said this marks the highest-ever investment commitment in India’s electronics sector, reflecting strong industry confidence. Mr Vaishnaw further said that ten semiconductor units have been approved so far, with three already in pilot or early production stages.
The Minister said electronics manufacturing has created 25 lakh jobs in the last decade, calling it real economic growth at the grassroots level. He said that as semiconductor and component manufacturing scale up, job creation will accelerate further. Highlighting the impact of the Make in India initiative, the Minister said, production is growing across finished products and components, exports are rising, global players are confident, Indian companies are becoming increasingly competitive, and employment opportunities are expanding.
