Indian electronics exports cross $40 billion: Ashwini Vaishnaw

India’s electronics exports have shot past $40 billion, marking an eight-fold growth during the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also remarked that the domestic electronics production has increased by six times.

Ashwini Vaishnaw surpassed $40 billion

Addressing the 14th Convocation of IIT Hyderabad, Minister Vaishnaw also pointed to the rapid progress of India’s first bullet train project, which is expected to become operational by August or September 2027.

He further mentioned that the first Made in India semiconductor chip, on a commercial scale, will be manufactured this year. 

"In just 11 years, we have increased our electronics production six times. That’s a CAGR double digit which any corporate would be envious of. We have increased our exports eight times, crossed $40 billion exports in electronics manufacturing, which is a phenomenal pace of growth, something which very few countries of our size have ever seen," the Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology said.

Appreciating the vision of Prime Minister Narendra Modi, Vaishnaw said that in just about three and a half years, India could design a complete 4G telecom stack.

Notably, it is installed on almost 90,000 telecom towers, which is more than the network of many countries in the world.

As part of the telecom initiative, the government has set up 100 5G labs where the students can gain practical experience on the 5G equipment, by working on real-world use cases and developing practical solutions, the IT Minister said.

The Minister cited five examples of India’s growth story and bases for the next generations – electronics production, AI, semiconductors, telecom sector and railways.

To nurture young talent in the semiconductor field, the Centre has given the latest EDA tools from Cadence, Synopsys, and Siemens to about 270 colleges and institutions, and if the startups are added, the number becomes 340, he stated.

"Nowhere in the world has such a large talent development program ever taken up in the field of semiconductors," Vaishnaw said.

The Indian Railways presently has version three of Vande Bharat getting manufactured at the Integral Coach Factory in Chennai, he added.

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