Pankaj Mohindroo Highlights India’s $500 Billion Electronics Goal, Emphasizes Export Growth

As 2024 comes to an end, India is making significant strides in electronics manufacturing. Pankaj Mohindroo, Chief of the ICEA, highlighted the government’s ambitious $500 billion target for the sector, with smartphones leading the way. However, Mohindroo stressed the need for growth in other areas like semiconductors and components, citing a potential $40,000 crore package to boost manufacturing. He noted the shift toward exports as the domestic smartphone market nears saturation. Additionally, the ICEA aims for greater Indian participation in the supply chain, with a focus on technology transfer and investment. The India Semiconductor Mission 2.0 and upcoming budget expectations are also key to achieving these goals.

#electronicsmanufacturing #export #exportimport

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