India’s target Rs. 24 lakh crore electronics manufacturing capacity by 2026: MoS IT

The government aims to increase the electronics manufacturing capacity to Rs. 24 lakh crore by 2025-26, which will also help generate over 10 lakh jobs, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday.

Speaking at a function in Bengaluru, the minister said the country is at a turning point – the most exciting period in its history – and the present generation of students is the luckiest generation in the history of independent India.

An official statement quoted him as saying, “…the Narendra Modi government aims to increase the electronics manufacturing capacity to Rs 24 lakh crore by 2025-26, which will also help create over 10 lakh jobs.”

He said that there are over 90,000 startups, including 110 unicorns, in which young Indians are playing a big role.

The minister said that at least 15 lakh young Indians from Karnataka will be trained in industry-related, future-ready skills.

Remembering ‘Appu’ (popular Kannada actor Puneeth Rajkumar) on his birthday, Rajeev Chandrasekhar said the day is celebrated as ‘Spoorti Din’ or Inspiration Day, and the occasion couldn’t be more appropriate for children . Discuss opportunities with students at IndiaTechade,” the statement said.

To a question about the Indian government’s role in mitigating the Silicon Valley bank crisis and the woes of startups, Chandrasekhar said, “The Indian banking system is more resilient and robust than any other country’s banking system. Startups should therefore choose Indian banks as their preferred banking partners.”

After facing headwinds in India last year, Xiaomi is all set to take on the competition in 2023. What is the plan of the company with its wide product portfolio and Make in India commitment in the country? We discuss this more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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