Expressing optimism, Electronics and IT secretary Ajay Prakash Sawhney has said that the government is expecting electronics manufacturing in the country to register an annual growth rate of 30 per cent over the next five years and clock Rs 11.5 lakh crore additional production during this period.
Electronics and IT secretary is also expecting the exports of electronic products to grow in the range of 40-50 per cent annually over the next five years. Further, he added that electronics manufacturing in India has been growing quite significantly and registered 23 per cent cumulative annual rate of growth over past five years.
Besides, he said that mobile manufacturing in the country has grown from 6 crore handsets five years ago to 33 crore at present, and over 90 per cent of country's mobile phone requirements are met through domestic production.
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