Govt expects Indian electronics manufacturing to reach $300 bn: MoS IT

The government expects the Indian electronics manufacturing sector to grow to around USD 300 billion (about Rs 22.5 lakh crore) by 2024-25, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday.

Speaking at an event by the Public Affairs Forum of India (PAFI), the minister said the government is looking beyond devices and communication, with expansion plans looking at equipment and systems, and further to automotive and medical equipment.

Chandrasekhar said in 2014-15, the electronics production in the country was about Rs 1.8 lakh crore which grew to Rs 5.5 lakh crore in five years.

Electronics is the second largest traded commodity after hydrocarbons and petroleum, he noted.