India Looking To Become a $300 Billion Electronics Industry By 2025 Says Rajeev By CIOTechOutlook Team

India Looking To Become a $300 Billion Electronics Industry By 2025 Says Rajeev

CIOTechOutlook Team | Friday, 29 September 2023, 03:20 IST

Rajeev Chandrasekhar, minister of state for electronics and information technology, said that in the next three years, India’s impetus in tech sector manufacturing will lead to close to 50 lakh jobs. At The Times of India Right To Excellence Tech Summit 2023, Chandrasekhar said that companies like Apple, Micron and others are looking for trustworthy partners and economies. “We are the fastest growing digital economies, except for China and South Korea and are encouraging companies to move supply chain to India,” said Chandrasekhar.

India is looking at a target of becoming a $300 billion electronics industry, he said. Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said that India's push for tech sector manufacturing will create nearly 5 million jobs in the next three years. At The Times of India Right To Excellence Tech Summit 2023, Chandrasekhar said that companies like Apple, Micron, and others are looking for reliable partners and economies. "We are the fastest growing digital economy, except for China and South Korea, and we are encouraging companies to move their supply chains to India," Chandrasekhar said. He said India is aiming to become a $300 billion electronics industry.

The last week has seen two big ‘made in India’ initiatives take big strides. One, for the first time ‘made in India’ units of iPhone 15, which went on sale on September 22, too were available from Day 1. Two, Micron has announced its plans to set up a $2.75 billion semiconductor plant in Gujarat. “India has carved out a niche and that’s one of the reasons why companies like Apple are coming to India,” Chandrasekhar said in a fireside chat at the TOI Tech Summit 2023.