Business

India can achieve $300b electronics mfg, exports by 2025-26


Published : 17 Sep 2022 07:36 PM

India can achieve the target of $300 billion worth of electronics manufacturing and exports by 2025-26, Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on Friday.

“Our vision is to edge past the target of $300 bn worth of electronic manufacturing and exports by 2025-26. It translates to Rs 25 lakh crores, 24 times more than what it was when PM Modi took over in 2014 - 1.10 Lakh crores,” he said, according to the Electronics and Information Technology.

He was speaking during his visit to India’s first lithium cell manufacturing facility at the Electronics Manufacturing Cluster at Tirupati, Andhra Pradesh.

The minister pointed out that the Government is committed to work in partnership with all states to support startups and entrepreneurs keen on investing in this sector - to reach this mark. The Government’s proactive policies and well-calibrated programmes will support every startup, every entrepreneur to make this dream a reality, he added.

The commercial production and formal opening of the lithium-ion factory is slated for next month. The installed capacity of the plant at present is 270 Mwh and can produce 20,000 cells of 10Ah capacity daily.

This state-of-the-art facility has been set up by the Chennai based Munoth Industries Limited an outlay of Rs 165 crores. The facility is located one of the two Electronics Manufacturing Clusters set up in the temple town, by Prime Minister Narendra Modi in 2015.

The commercial production and formal opening of the lithium-ion factory is slated for next month. The installed capacity of the plant at present is 270 Mwh and it can produce 20,000 cells of 10Ah capacity daily.