₹22,919 Crore, 91,600 Jobs: India Unveils Ambitious Scheme to Revolutionize Electronics Manufacturing

With a ₹22,919 Crore Investment, India Aims to Transform Electronics Manufacturing, Create 91,600 Jobs, and Strengthen Its Global Tech Presence.

Introduction:

India is making a strategic move to establish itself as a global leader in electronics manufacturing.

With the government rolling out a new scheme worth ₹22,919 crore, the country is poised to expand its production capabilities, create high-value jobs, and integrate deeply into global value chains (GVCs).

This initiative is set to revolutionize the sector, focusing on passive components, sub-assemblies, and semiconductor manufacturing.

The India Cellular and Electronics Association (ICEA), working closely with the government, is leading efforts to bring global players into India’s rapidly growing electronics ecosystem.

The scheme aims to build on India’s previous successes in mobile phone production and further strengthen the country’s position as a global manufacturing hub.

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Background: From Mobile Phones to a Full Electronics Ecosystem

India has made remarkable progress in electronics manufacturing over the past decade. Thanks to the Production-Linked Incentive (PLI) scheme, mobile phone production in India has reached an impressive USD 60 billion, with exports projected to surpass USD 23 billion this year.

The success of PLI for mobile phones and the ongoing PLI 2.0 for IT hardware has provided a strong foundation for further expansion.

Now, the government is taking the next step—focusing on passive components and sub-assemblies, which are crucial to developing a self-sufficient electronics industry.

This new scheme complements the Semiconductor Mission, ensuring that India becomes a key player in the global electronics supply chain.

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Key Highlights of the Scheme

The scheme, announced with a fiscal outlay of ₹22,919 crore, spans over six years. It is design to cover a wide range of sectors, including electronics, telecom, mobile phones, consumer electronics, automotive, and medical devices. Here’s a breakdown of the scheme’s key features:

FeatureDetails
Fiscal Outlay₹22,919 crore over six years
Focus AreasPassive components, sub-assemblies, semiconductor mission
Sectors BenefitingElectronics, telecom, mobile phones, consumer electronics, medical devices, automotive, power, and more
Expected Production Value₹4,56,000 crore
Expected Investments₹59,350 crore
Job Creation91,600 direct jobs, with many more indirect jobs

How the Scheme Will Benefit India’s Electronics Sector

India’s new electronics manufacturing scheme is set to transform the industry, bringing massive investments and job opportunities.

With a focus on strengthening the supply chain, boosting local production, and attracting global players, this initiative will drive long-term growth. Here’s how it will shape India’s electronics sector:

Creating High-Value Jobs – Over 91,000 new jobs will open up, directly improving livelihoods and boosting economic activity.

Boosting Competitiveness – A strong focus on high-value components and sub-assemblies will strengthen India’s manufacturing sector.

Attracting Global Investors – The scheme will create a business-friendly environment, encouraging international companies to set up production units.

Advancing Technology – Local companies will gain access to cutting-edge global technologies, helping them stay ahead in a competitive market.

Scaling Domestic Manufacturing – Expanding production across multiple sectors will position India as a major electronics hub.

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ICEA’s Role in Driving Global Investments in India’s Electronics Sector

The India Cellular and Electronics Association (ICEA) has been instrumental in shaping India’s latest electronics manufacturing policy.

Now, ICEA is spearheading a global outreach initiative to attract top technology companies to invest, partner, and manufacture in India.

With India’s electronics industry rapidly expanding, ICEA is working to bring in the next wave of investments and innovation.

This outreach plan will not only boost foreign direct investment (FDI) but also accelerate technology transfers and job creation, ensuring India remains a competitive hub for electronics manufacturing.

techovedas.com/make-in-india10-key-ways-how-electronics-manufacturing-is-powering-a-new-economic-era

India’s Growing Tech Strength: Key Milestones in Electronics Manufacturing

India’s electronics manufacturing sector has made remarkable strides, attracting global giants and increasing its footprint in the global supply chain.

Here’s a quick overview of key developments contributing to India’s rise as a major tech hub:

MilestoneDetails
Apple’s iPhone ExportsApple now exports billions worth of iPhones from India, reducing reliance on China.
Samsung’s Noida HubSamsung has established its largest mobile manufacturing unit in Noida, capable of producing 120 million smartphones annually.
Foxconn, Pegatron, and Wistron ExpansionMajor Apple suppliers have expanded their operations in India, boosting local manufacturing.

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Conclusion:

India’s ₹22,919 crore initiative is a game-changer for electronics manufacturing. By developing passive components and sub-assemblies, the country is strengthening its ecosystem to compete globally.

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Kumar Priyadarshi
Kumar Priyadarshi

Kumar Joined IISER Pune after qualifying IIT-JEE in 2012. In his 5th year, he travelled to Singapore for his master’s thesis which yielded a Research Paper in ACS Nano. Kumar Joined Global Foundries as a process Engineer in Singapore working at 40 nm Process node. Working as a scientist at IIT Bombay as Senior Scientist, Kumar Led the team which built India’s 1st Memory Chip with Semiconductor Lab (SCL).

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