Make In India

Electronic Manufacturing Sector Overview

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India’s Electronic Manufacturing sector, valued at ₹9.8 trillion in 2023-24, is a key driver of industrial growth and technological advancement. The sector is expanding rapidly, supported by government incentives, increasing domestic demand, and a strong export market.

Why Invest in the Electronic Manufacturing Sector

  • Market Expansion: India aims to become a global hub for electronics production, targeting $300 billion in electronics manufacturing by 2026.
  • Government Support: Incentives under the PLI Scheme and EMC 2.0 to boost domestic production.
  • Rising Demand: Growing domestic consumption of smartphones, semiconductors, and consumer electronics.

Incentives & Schemes

  • PLI Scheme: ₹40,951 crore allocated for electronics manufacturing incentives.
  • EMC 2.0: ₹3,762 crore to support the development of electronic manufacturing clusters.
  • Export Incentives: Duty exemptions and incentives under MEIS & RoDTEP for electronic exports.

Highlights

  • Smartphone Manufacturing Boom: India produced over 320 million smartphones in 2023.
  • Semiconductor Push: ₹76,000 crore allocated for semiconductor and display fabs.
  • FDI Growth: 100% FDI permitted in electronics manufacturing under the automatic route.

Electronic Manufacturing Sector Data

Category Details
Market Size (2023-24) ₹9.8 trillion
PLI Allocation ₹40,951 crore
EMC 2.0 Fund ₹3,762 crore
Semiconductor Fund ₹76,000 crore
Smartphone Production (2023) 320 million units
Electronics Export Growth 17% YoY increase
Manufacturing Hubs 200+ electronics manufacturing units
FDI in Sector 100% FDI allowed
Employment Generation 2 million+ direct jobs by 2026
Target Market by 2026 $300 billion

Latest Figures and Progress

  • Production Growth: India produced 320 million smartphones in 2023, strengthening its position as a global manufacturing hub.
  • Semiconductor Investments: Over ₹76,000 crore allocated for semiconductor fabrication and design ecosystem development.

India’s Electronic Manufacturing sector is set for massive growth, driven by government policies, increasing investments, and rising domestic demand. With a strong focus on Make in India, the country is emerging as a global leader in electronics production.