India targets $500 billion in electronics manufacturing by 2030

22 Jul 2024 CW Team

In the report titled "Electronics: Powering India's Participation in Global Value Chains", NITI Aayog highlighted that the $4.3 trillion global electronics market is dominated by countries such as China, Taiwan, the US, South Korea, Vietnam, and Malaysia.

"India currently exports approximately $25 billion annually, representing less than 1% of the global share despite a 4% share in global demand. To enhance competitiveness, India needs to localise high-tech components, strengthen design capabilities through R&D investments, and forge strategic partnerships with global technology leaders," the government think tank said in a statement.

As of FY23, India's electronics production stands at $101 billion, comprising $86 billion in finished goods and $15 billion in components manufacturing. During the same period, exports totalled $25 billion, reflecting India's growing role in the global electronics market.

Regarding domestic value addition, the sector has contributed around 15 to 18% and generated approximately 1.3 million jobs.

"n a Business As Usual (BAU) scenario, projections indicate that India's electronics manufacturing could escalate to $278 billion by FY30. This forecast includes $253 billion from finished goods and $25 billion from components manufacturing. Employment generation is expected to grow substantially to around 3.4 million, with exports reaching $111 billion," the Aayog said.

The think tank emphasised that India's ambition to become the third-largest global economy necessitates a more ambitious vision for its technology-driven sectors. "With a conducive business environment and robust policy support, including fiscal incentives and non-fiscal interventions, India should aim to achieve $500 billion in electronics manufacturing by FY30,"the report said.

The report recommends strategic interventions across fiscal, financial, regulatory, and infrastructure domains to support this growth trajectory. These include promoting components and capital goods manufacturing, incentivising R&D and design, tariff rationalisation, skilling initiatives, facilitating technology transfers, and infrastructure development to foster a robust electronics manufacturing ecosystem in India.

(Source: BusinessLine)

As of FY23, India's electronics production stands at $101 billion. The NITI Aayog, in a report released, stated that India should target $500 billion in electronics manufacturing by 2030, aiming to create 6 million jobs. In the report titled Electronics: Powering India's Participation in Global Value Chains, NITI Aayog highlighted that the $4.3 trillion global electronics market is dominated by countries such as China, Taiwan, the US, South Korea, Vietnam, and Malaysia. India currently exports approximately $25 billion annually, representing less than 1% of the global share despite a 4% share in global demand. To enhance competitiveness, India needs to localise high-tech components, strengthen design capabilities through R&D investments, and forge strategic partnerships with global technology leaders, the government think tank said in a statement. As of FY23, India's electronics production stands at $101 billion, comprising $86 billion in finished goods and $15 billion in components manufacturing. During the same period, exports totalled $25 billion, reflecting India's growing role in the global electronics market. Regarding domestic value addition, the sector has contributed around 15 to 18% and generated approximately 1.3 million jobs. n a Business As Usual (BAU) scenario, projections indicate that India's electronics manufacturing could escalate to $278 billion by FY30. This forecast includes $253 billion from finished goods and $25 billion from components manufacturing. Employment generation is expected to grow substantially to around 3.4 million, with exports reaching $111 billion, the Aayog said. The think tank emphasised that India's ambition to become the third-largest global economy necessitates a more ambitious vision for its technology-driven sectors. With a conducive business environment and robust policy support, including fiscal incentives and non-fiscal interventions, India should aim to achieve $500 billion in electronics manufacturing by FY30,the report said. The report recommends strategic interventions across fiscal, financial, regulatory, and infrastructure domains to support this growth trajectory. These include promoting components and capital goods manufacturing, incentivising R&D and design, tariff rationalisation, skilling initiatives, facilitating technology transfers, and infrastructure development to foster a robust electronics manufacturing ecosystem in India. (Source: BusinessLine)

Infrastructure Transport

05 Aug 2026

Aurionpro wins Rs 500 million Mumbai Metro AFC order

Aurionpro Solutions has secured an additional Rs 500 million order from the Mumbai Metropolitan Region Development Authority (MMRDA) to deploy its Automated Fare Collection (AFC) solution for Mumbai Metro Line 5 – Phase I.The order extends Aurionpro's existing engagement on Mumbai Metro Lines 4 and 4A, announced last year, and covers the deployment of its end-to-end AFC system across six additional stations on Metro Line 5.MMRDA is developing one of India's largest metro rail networks to improve connectivity across the Mumbai Metropolitan Region. Under the contract, Aurionpro will provide ti..

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Real Estate

04 Aug 2026

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..