MeitY Secretary asks electronic firms to work as team to resolve supply chain troubles

A senior government official on Thursday said that Indian electronics companies should come together with major suppliers of components in the country to curb the crisis that they are facing in the supply chain.

Several technology companies, including electronics, mobile devices and automobiles, could not meet their production target due to shortage in electronic chips. Advanced technology nations have kept aside huge funds to ramp up semiconductor supplies in their country.

Electronics and IT Secretary Ajay Sawhney, at a CII event, said that the government is working on certain initiatives to address industry issues and some direction is expected to be visible in the next three months.

He added that demand for electronics is picking up in several segments, including medical electronics, consumer electronics, defence and solar panels, with cars joining the electronics segment as a new player.

Sawhney said, "Ambition is very high. We know that there are supply chain constraints. It's more important that we all sit together, not just as individual companies, and share our list of common suppliers who are there in the global supply chain. If there is a supply chain constraint from that side then there can be supply constraint from this side. Let’s grow up and make our presence felt as an ecosystem.”