India’s transformation into a global electronics manufacturing powerhouse is nothing short of remarkable.
Over the last decade, the nation has rapidly progressed from relying heavily on imports to becoming the world’s second-largest mobile phone producer.
The shift is attributed to government initiatives such as “Make in India,” Phased Manufacturing Programme (PMP), and Production Linked Incentive (PLI) schemes. In 2014, India housed only two mobile manufacturing units. Today, over 300 units contribute to a manufacturing value of ₹4,22,000 crore. Mobile phone exports have soared from a mere ₹1,566 crore in 2014-15 to ₹1.2 lakh crore in 2023-24, marking an astonishing 77-fold growth.
The success doesn’t stop at mobile phones. India’s semiconductor ecosystem is gaining momentum, with investments nearing ₹1.52 lakh crore. Landmark projects include Tata Electronics’ semiconductor fab facility and multiple OSAT ventures.
India is well on track to achieve its USD 300 billion electronics production target by 2026, solidifying its position as a leader in the global electronics and semiconductor industry.
