India is setting an ambitious target of achieving $150 billion in electronics components manufacturing, according to S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY). Speaking at an industry event, Krishnan emphasized that developing a robust domestic components ecosystem is key to achieving self-reliance and boosting exports in the electronics sector.
Currently, a significant portion of India’s electronics manufacturing relies on imported components, especially for products like mobile phones, laptops, and consumer electronics. Krishnan stressed that unless India builds a strong components base, its long-term vision for electronics manufacturing leadership will remain incomplete.
The government is now focusing on deepening the supply chain, promoting local value addition, and attracting global players to set up component production in India. This aligns with the broader ‘Make in India’ and ‘Atmanirbhar Bharat’ missions.
India has already seen success in final product assembly, with mobile phone manufacturing becoming a $44 billion industry. However, to reduce import dependency and increase export competitiveness, the shift toward indigenous components production is now a top policy priority.
Krishnan added that new policy frameworks and incentive schemes will soon be introduced to support this target and encourage long-term investments in the components space.
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