Electronics Manufacturing Holds Promise for MSMEs: IT Secretary

11 Jul 2024 CW Team

The Secretary of Information Technology emphasised the immense potential for Micro, Small, and Medium Enterprises (MSMEs) in India's electronics manufacturing sector. Acknowledging the sector's rapid expansion and increasing demand for electronics products, he underscored the crucial role of MSMEs in driving innovation, enhancing production capacities, and fostering economic growth.

The electronics manufacturing industry in India has witnessed substantial growth, fueled by initiatives such as the Production Linked Incentive (PLI) scheme and favourable policies aimed at boosting domestic production. These efforts aim to reduce dependency on imports and position India as a global manufacturing hub for electronics.

The IT Secretary highlighted that MSMEs, with their agility and capacity to adapt, are well-positioned to capitalise on these opportunities. He emphasised the need for MSMEs to leverage technological advancements, enhance skill development, and foster collaboration with larger enterprises to scale up operations and compete in global markets.

Moreover, the government is committed to supporting MSMEs through various initiatives, including financial incentives, infrastructure development, and skill enhancement programs. These measures are intended to create a conducive ecosystem that enables MSMEs to thrive in the competitive electronics manufacturing landscape.

In conclusion, the IT Secretary's remarks underscore the transformative potential of electronics manufacturing for MSMEs, encouraging them to seize opportunities, innovate, and contribute significantly to India's economic resurgence in the digital age.

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