India’s Electronics Production Reaches All-Time High At Rs 5,33,670 crore in 2020-21

- Advertisement -

However, the growth in production remained almost flat in 2020-21 compared to production worth Rs 5,33,550 crore in 2019-20

India’s electronics production recorded an all-time high at Rs 5,33,670 crore in 2020-21, increasing at a compound annual growth rate of 17 per cent in the last 5 years, IT and Communications Minister Ashwini Vaishnaw informed the Parliament.

This comes as the country prepares to propel itself as an electronics manufacturing hub

- Advertisement -

There has been an almost threefold in electronics production from Rs 1,90,366 crore worth of manufacturing in 2014-15, as per Vaishnaw.

“Electronics manufacturing has grown rapidly in the country with a CAGR of around 17 per cent during the last 5 years,” Vaishnaw said in a written reply to the Rajya Sabha.

However, the growth in production remained almost flat in 2020-21 compared to production worth Rs 5,33,550 crore in 2019-20.

The import of electronics chips fell 5.7 per cent to Rs 67,496 crore in 2020-21 from Rs 71,581 crore in 2019-20 and export increased by 17 per cent to Rs 2,064 crore from Rs 1,752 crore in 2019-20.

To a question on steps taken by the government to boost manufacturing of semiconductors in India amid a global shortage, Vaishnaw said a project for “establishment of Gallium Nitride (GaN) Ecosystem Enabling Center and Incubator for High Power and High Frequency Electronics” is being implemented by Indian Institute of Science, Bengaluru at Centre for Nano Science and Engineering (CeNSE) with the project cost of Rs 298.66 crore.

He said the government has approved an application for setting up of Assembly, Testing, Marking and Packaging (ATMP) of NAND Flash memory under the PLI scheme for large scale electronics manufacturing.

“An application for discrete semiconductor devices, including transistors, diodes, thyristors, etc. and System in Package (SIP) has been approved under the PLI scheme for large scale electronics manufacturing,” Vaishnaw said.

At present, semiconductor wafer fabrication facilities for strategic requirements are available at Semi-Conductor Laboratory (SCL), Gallium Arsenide Enabling Technology Centre (GAETEC), Hyderabad and Society for Integrated Circuit Technology and Applied Research (SITAR), Bengaluru.

He said many policies of the government including the flagship Production Linked Incentive (PLI) scheme, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors(SPECS), Modified Electronics Manufacturing Cluster (EMC 2.0) are major steps towards making India ‘atmanirbhar’ in electronics manufacturing.

“PLI for ‘Large Scale Electronics Manufacturing’ offered a production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components, including ATMP units,” Vaishnaw said.

- Advertisement -

Most Popular Articles

Automotive car sensor

ISRO Chairman Urges Association With Automotive Industry To Produce Sensors Locally

0
The space research organization is making significant strides in creating indigenous car sensors to empower the automotive industry. At the Bangalore Tech Summit on November...

U.S. Approves $1.5B Subsidy For GlobalFoundries Expansion

0
Winning the $1.5 billion US government subsidy, GlobalFoundries is looking to power industries like automotive, IoT, and defence with advanced chip manufacturing in New...

Trump’s Tariff Plan Could Derange Electronics Pricing

0
From disrupting global semiconductor supply chain to inflating iPhone prices, what can Donald Trump's proposed tariff raise on Chinese imports can cause? Donald Trump,...
Chip Manifacturing-NIvidia

New Blackwell Chip Will Propel Nvidia’s Unprecedented Market Growth In Coming Years

0
These chips have effectively dispelled concerns regarding potential pullbacks from tech giants investing heavily in AI processing and data centers. The global AI backed fabless...

David Goeckeler Appointed Chair Of SIA Board

0
Bringing 40 years of tech experience to lead the global semiconductor industry, David Goeckeler, CEO of Western Digital, joins to lead the SIA Board...
Abhishek Malik from Calcom Vision Limited

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...
John W. Mitchell, President and CEO, IPC

“India’s Core Focus On 5G, IoT, AI Fosters Need For Advanced Electronics,Components, And Semiconductors”...

0
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...
Raman M., Co-Founder and CEO, chargeMOD

“Our Goal Is To Achieve Complete Sustainability By 2025-2026” – Raman M. Of chargeMOD

0
In a conversation with Nitisha Dubey from EFY, Raman M. of chargeMOD, elaborated his goal of developing virtual power plants by decentralising power production. Q....

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Industry's Buzz

Learn From Leaders

Startups