India can produce $300 billion worth of electronics by 2025-26: Rajeev Chandrashekhar

NEW DELHI: Minister of State for Electronics and IT Rajiv Chandrashekhar Tuesday said that India could achieve a production milestone of $300 billion worth of electronics by 2025-26, and termed it as an unprecedented opportunity for the country.

“Prime Minister’s efforts over the last few years leading to a vision of $300 billion of electronics production is a real opportunity for India. Industry believes in that and we will support the industry,” Chandrashekhar said while releasing a vision document and action plan to promote domestic manufacturing.

There was hardly an electronics industry flourishing in 2014, which has come to $76 billion value just before Covid-19 outbreak, he said, adding that the industry is now facing a once-in-a-lifetime opportunity where global value chains for electronics are rapidly diversifying.