India Plans $500 Billion Electronics Boost, 6 Million Jobs
ECONOMY & POLICY

India Plans $500 Billion Electronics Boost, 6 Million Jobs

NITI Aayog has unveiled a strategic plan to expand India's electronics sector to $500 billion, aiming to create 6 million jobs. This initiative is part of a broader effort to position India as a global electronics manufacturing hub.

The government is focusing on enhancing manufacturing capabilities and promoting innovation in the sector. This involves supporting domestic production, attracting foreign investment, and improving infrastructure. Key areas include semiconductors, mobile devices, and consumer electronics.

NITI Aayog's plan emphasises the importance of skilled workforce development, aiming to equip millions with necessary expertise through targeted training programs. Collaborations with educational institutions and industry stakeholders will play a crucial role in this endeavour.

By boosting the electronics industry, India seeks to reduce its dependency on imports and enhance its global competitiveness. The initiative aligns with the "Make in India" campaign, focusing on sustainable growth and economic resilience.

Investments in research and development are also prioritised to foster technological advancements and support the creation of innovative products. The government aims to build a robust ecosystem that encourages startups and nurtures homegrown talent.

The projected growth in the electronics sector is expected to significantly contribute to India's GDP, enhancing its economic stature on the world stage. This ambitious plan marks a pivotal step towards realising India's vision of becoming a leading player in the global electronics market, driving job creation and technological progress.

NITI Aayog has unveiled a strategic plan to expand India's electronics sector to $500 billion, aiming to create 6 million jobs. This initiative is part of a broader effort to position India as a global electronics manufacturing hub. The government is focusing on enhancing manufacturing capabilities and promoting innovation in the sector. This involves supporting domestic production, attracting foreign investment, and improving infrastructure. Key areas include semiconductors, mobile devices, and consumer electronics. NITI Aayog's plan emphasises the importance of skilled workforce development, aiming to equip millions with necessary expertise through targeted training programs. Collaborations with educational institutions and industry stakeholders will play a crucial role in this endeavour. By boosting the electronics industry, India seeks to reduce its dependency on imports and enhance its global competitiveness. The initiative aligns with the Make in India campaign, focusing on sustainable growth and economic resilience. Investments in research and development are also prioritised to foster technological advancements and support the creation of innovative products. The government aims to build a robust ecosystem that encourages startups and nurtures homegrown talent. The projected growth in the electronics sector is expected to significantly contribute to India's GDP, enhancing its economic stature on the world stage. This ambitious plan marks a pivotal step towards realising India's vision of becoming a leading player in the global electronics market, driving job creation and technological progress.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?