Alok Verma

New Delhi, Sept. 13: Union Minister for Electronics and Information Technology, Communications and Law & Justice Ravi Shankar Prasad will hold round table discussions with prominent leaders of Electronics Industry at Vigyan Bhawan on Sept. 16.

The round table discussion will essentially be to brainstorm about the challenges being faced by the industry, opportunities and expectations of the industry from the Government so that the Indian electronics manufacturing sector can grow at a fast pace.

The Government of India attaches high priority to domestic electronics hardware manufacturing and it is one of the important pillars of both “Make in India” and “Digital India” programmes of the Government.

As a result of the implementation of several schemes and initiatives for promotion of electronics hardware manufacturing and efforts of the industry, considerable progress has been made in the last 5 years, especially in import substitution.

 Some of the key highlights of the electronics sector in India include over USD 15 billion worth of investment proposals received directly by the Ministry of Electronics and IT under its flagship investment scheme and growth in domestic manufacturing from USD 29 billion (in 2014-15) to USD 70 billion (in 2018-19).

There is significant scope for the growth in this sector with the burgeoning domestic market, which is estimated to reach USD 400 billion by 2025 and the on-going global trade dynamics, especially in the technology space. With its strengths in the market, technology talent pool, rapidly growing competitive economy and positioning in global dynamics, India truly holds the potential to become the “Electronics Factory” of the world.

National Policy on Electronics 2019 envisions positioning India as a global electronics hub by encouraging and driving capabilities in the country for developing core components (including chipsets), and creating an enabling environment for the industry to compete globally. It is planning to embark upon a comprehensive investment and trade promotion programme to make Electronics India a brand synonymous with next Electronics Hub.

Around 50 Industry leaders have confirmed their participation in the round table to deliberate upon the mutual expectations from the Government and the industry, to achieve the true potential of domestic electronics manufacturing and the measures required to achieve it.

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