New scheme in works to boost electronic component manufacturing in India: MeitY secretary

New Delhi: The government’s focus is now on boosting electronics component manufacturing in the country and new scheme for the same is in works, a senior government official said on Monday.

Speaking at the CII Electronic Summit, S Krishnan, Secretary, Ministry of Electronics and IT (Meity), said that 99 per cent local mobile phone market is being met through domestic manufacturing, and for next phase of growth, companies need to export by improving competitiveness and enhancing value addition.

“If our competitiveness needs to keep getting better then the challenge really is to not just rely on about 10 to 15 per cent of the value addition to assembly units in the country but to look at what else we can do, how can we move up in the value chain?’ Krishnan said.