According to Union Minister Rajeev Chandrasekhar on Friday, India's electronics exports will reach USD 120 billion by 2025–2026 with the help of state governments working together with the central government.
According to the Minister of State for Entrepreneurship, Skill Development, Electronics and Technology at an event held here, the country's electronics industry was valued at between 70 and 75 billion and Prime Minister Narendra Modi has set a goal to reach 300 billion by 2025–26.
Chandrasekhar said at the opening of Pegatron Technology India Pvt Ltd, a new state-of-the-art manufacturing facility at Mahindra World City, Singaperumalkoil in neighbouring Chengalpet district, about 45 km from here, that India, which was importing 90% of its mobile phones until 2014, is now able to supply 97% of all mobile phones that are consumed in India.
That is the journey in the last eight years from zero exports to Rs 50,000 crore exports and from 90% imports to 97% of domestically manufactured, he said. "India had zero exports of mobile phones until 2014 and now exports over Rs 50,000 crore (worth of) i-Phones, Samsung phones, and other phones to consumers and other countries."
We are exporting USD 16-20 billion of mobile phones by 2025-26 our exports
in electronics will be USD 120 billion. That is six times and it will happen because of state governments partnering with Government of India and availing the schemes that Prime Minister Narendra Modi has put out like the PLI schemes, to attract investments," he expressed.
Further, the facility has been set up at an investment of Rs 1,100 crore and would generate nearly 14,000 new jobs in the region, Anbarasan said.