Govt To Support Electronics Industry To Achieve Their Commitment Of $300 Billion Revenue By 2025-26: Vaishnaw

Union Electronics and Information Technology Minister Ashwini Vaishnaw on Wednesday (1 December) said that the Modi government will extend all sorts of structural, procedural and compliance support to the Electronics System Design and Manufacturing (ESDM) industry to achieve their commitment of $300 billion revenue by 2025-26.

While delivering a speech during the ‘Azadi Ka Digital Mahotsav’ event at the India Habitat Centre, New Delhi on Wednesday, Ashwini also said that the local electronics industry's assurance to the government of $300 billion in revenue by 2025-26 has given him "great confidence".

During his speech, the IT minister also highlighted how the world is now opening up towards India and considering the country as a manufacturing hub, according to a Electronics and Information Technology Ministry release.

“It gives me great confidence when the Electronics Manufacturing Industry today has committed and assured us of $300 Billion revenue by 2025-26. When we were reviewing what should be our target, even 25 per cent seemed impossible but now I think even 30 per cent is achievable," said Vaishnaw.

"We are taking the lead in telecom. Our 5G stack will be the first virtualized 5G stack in the world. Now we can think of manufacturing at a different scale because the world will move towards ecosystems where our companies will be managing telecom network across the world,” he added.