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Govt laser focused on achieving target of $300 billion electronic production by 2026: Chandrasekhar

30 Aug 2022 Evaluate

Highlighting the government’s aim to emerge as a reliable and trusted partner in Global value chains, Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Rajeev Chandrasekhar has said that the Government is laser focused on achieving the target of $300 billion electronic production by 2026. He further said ‘And for this, we have always emphasised on strengthening our domestic manufacturing ecosystem to make India more resilient to supply chain disruptions’.

Chandrasekhar said that it is very timely and will help the Government identify the challenges that are to be met and the strategies that are to be adopted to achieve this target. The Minister said that India has succeeded in systematically building a framework and a strategy that has clearly outlined goals of a $300 billion electronics manufacturing ecosystem with a $120 billion of exports by 2026.

Talking about the journey of Electronics sector in India in last some years, the Minister said ‘electronics in India has travelled a long way since 2014. We were, in 2014, a country that was increasingly dependent not just on petroleum imports but also on Electronics imports. Systematically Prime Minister Shri Narendra Modi over the years has built back an electronics sector.’

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