Last few years have seen the government take major steps to encourage manufacturing of electronics in India. The production-linked incentive (PLI) scheme and a string of reforms in the last decade, and the move away from China towards a safe India, have provided the catalyst needed for electronics growth in the country. The next step is to build our products and get into product ownership to usher in a new era of Make in India products that are 100% repairable and upgradable and support the vision of a robust growth nation catering and supporting a circular economy to the global market as well.
According to the ministry of electronics and information technology (Meity), electronics manufacturing in India will balloon to $300 billion in 2026 from $68 billion at present. We must rapidly transform India into a manufacturing hub for new-generation electronics products with minimal dependence on foreign components. To see real change, we need to deepen R&D. Taiwan helped create China as a product nation. There is a need to ally with Taiwan to learn from them. What makes us truly unique is that not only do we know how to design hardware, but we also know how to integrate software into hardware.
This story is from the February 2023 edition of DataQuest.
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This story is from the February 2023 edition of DataQuest.
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