Make in India Drives Electronics Manufacturing Boom, Aiming $300 Billion by 2026.
National
Make in India, a flagship initiative of the Government of India (GoI) launched in 2014, has played a pivotal role in transforming India into a global manufacturing hub. Its primary objectives include enhancing industrial capabilities, fostering innovation, and developing world-class infrastructure.
- As a result, India's electronics exports are growing rapidly, with the country's electronics production projected to reach USD 300 billion by 2026.
- India has made remarkable advancements in mobile and electronics manufacturing, emerging as the world’s 2nd largest mobile manufacturing country, with the number of mobile manufacturing units rising from 2 in 2014 to over 300 at present.
- In 2014-15, only 26% of mobile phones sold in India were locally produced, which surged to 99.2% by December 2024.
Main Point :- (i) India currently manufactures 325 to 330 million mobile phones annually, with approximately 1 billion mobile phones in use nationwide.
(ii) In 2023, the GoI approved its first major project with U.S.-based chipmaker Micron Technology Inc., with an investment of approximately Rs 22,000 crore.
(iii) In February 2024, the GoI approved a proposal by Tata Electronics Private Limited (TEPL), a wholly owned subsidiary of Tata Sons, to establish a semiconductor fabrication facility in Dholera, Gujarat, at an estimated cost of Rs 91,526 crore.
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