India needs to increase electronics production locally: MeitY
The secretary of the Ministry of Electronics and Information Technology (MeitY), Ajay Prakash Sawhney, said that India requires to increase the production of electronics components to get the productions to high levels and to substitute imports and start exporting. At a virtual event organised by the India Cellular and Electronics Association (ICEA) and MeitY, he highlighted the local production of LED, strategic electronics, Printed Circuit Board Assembly (PCBA), telecom components, wearables and hearables. He added that the biggest production is mobiles from $30 billion to $120 billion. The other four significant sectors are IT hardware, industrial electronics, consumer electronics and automotive electronics, with $25 billion each. According to him, India needs to substitute imports, lower tariffs and achieve competitiveness at international markets to shift into the export business. Officials said that foray into other sectors, including smart meters, drones are also crucial. Sawhney added that getting into other segments is essential, even while fighting to pick up momentum in the existing sectors. In the new sectors, including hearables and wearables, telecom, and many more, India has been a constant importer in such segments. Image Source
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