+
India needs to increase electronics production locally: MeitY
Technology

India needs to increase electronics production locally: MeitY

The secretary of the Ministry of Electronics and Information Technology (MeitY), Ajay Prakash Sawhney, said that India requires to increase the production of electronics components to get the productions to high levels and to substitute imports and start exporting.

At a virtual event organised by the India Cellular and Electronics Association (ICEA) and MeitY, he highlighted the local production of LED, strategic electronics, Printed Circuit Board Assembly (PCBA), telecom components, wearables and hearables.

He added that the biggest production is mobiles from $30 billion to $120 billion. The other four significant sectors are IT hardware, industrial electronics, consumer electronics and automotive electronics, with $25 billion each.

According to him, India needs to substitute imports, lower tariffs and achieve competitiveness at international markets to shift into the export business.

Officials said that foray into other sectors, including smart meters, drones are also crucial.

Sawhney added that getting into other segments is essential, even while fighting to pick up momentum in the existing sectors. In the new sectors, including hearables and wearables, telecom, and many more, India has been a constant importer in such segments.

Image Source

Also read: Hindalco Industries to focus on global expansion, reduce capex

The secretary of the Ministry of Electronics and Information Technology (MeitY), Ajay Prakash Sawhney, said that India requires to increase the production of electronics components to get the productions to high levels and to substitute imports and start exporting. At a virtual event organised by the India Cellular and Electronics Association (ICEA) and MeitY, he highlighted the local production of LED, strategic electronics, Printed Circuit Board Assembly (PCBA), telecom components, wearables and hearables. He added that the biggest production is mobiles from $30 billion to $120 billion. The other four significant sectors are IT hardware, industrial electronics, consumer electronics and automotive electronics, with $25 billion each. According to him, India needs to substitute imports, lower tariffs and achieve competitiveness at international markets to shift into the export business. Officials said that foray into other sectors, including smart meters, drones are also crucial. Sawhney added that getting into other segments is essential, even while fighting to pick up momentum in the existing sectors. In the new sectors, including hearables and wearables, telecom, and many more, India has been a constant importer in such segments. Image Source Also read: Hindalco Industries to focus on global expansion, reduce capex

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?