New Delhi, Nov 9:
Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Monday said that 118 new electronic component manufacturing facilities are being set up nationwide following fresh policy clearances.
Addressing the sector’s expansion, Vaishnaw noted that India’s manufacturing ecosystem has systematically evolved over the past decade from downstream assembly of finished consumer goods into complex upstream production of critical semiconductor components, specialized base materials, and industrial capital machinery.
The minister pointed out that the domestic electronics ecosystem currently supports approximately 25 lakh jobs across manufacturing hubs. The ongoing capacity addition is aimed at cutting import dependencies, integrating Indian manufacturers into global supply chains, and driving export volumes.