India has witnessed unprecedented growth in electronics manufacturing in the last five years and the growth rate in the electronics manufacturing sector has been in excess of 23 per cent due to initiatives like Digital India and Make in India.
India has witnessed unprecedented growth in electronics manufacturing in the last five years and the growth rate in the electronics manufacturing sector has been in excess of 23 per cent due to initiatives like Digital India and Make in India. Our 5G stack will be the first virtualized 5G stack in the world, said Union Minister for Electronics & & IT, Railways and Communications Ashwini Vaishnaw.
Highlighting how the world is now looking at India and considering the country as a manufacturing hub, the Union Minister said, “It gives me great confidence when the Electronics Manufacturing Industry today has committed and assured us of $300 Billion revenue by 2025-26. When we were reviewing what should be our target, even 25 percent seemed impossible but now I think even 30 percent is achievable.”
Speaking at the MeitY’s Azadi Ka Digital Mahotsav on the achievements of the Electronics System Design and Manufacturing (ESDM) sector in India, the minister stated, “We are taking the lead in telecom. Our 5G stack will be the first virtualized 5G stack in the world. Now we can think of manufacturing at a different scale because the world will move towards ecosystems where our companies will be managing telecom networks across the world.”
MeitY Secretary Ajay Sawhney said, “We have seen a tremendous impetus to electronics. This is a phase of optimism and growth and the electronic sector cannot be missed at all. When all the stakeholders come together, the impact will be entirely different. No country can do it all. No country can have all electronics and complete independence from any part of the world.”
He further added, “We can’t depend on someone else for our imports; export is competitive and we have to be there. We do not have to be at a place where we are dependent on imports. We need to be at a place where someone else is dependent on us for exports. Therefore, it is important that we do this together and pull up as Team India: we pull as India Manufacturing Group.”
An exhibition was organised with 18 companies from the ESDM and Emerging Technology sectors showcasing their innovative products and technologies. The Minister also awarded these ESDM companies for their contribution to electronics manufacturing.
