Meity targets $500 bn electronics production by 2030 with detailed strategy

Meity is in the final stages of putting together a production linked incentives (PLI) scheme for electronic components

The government, under the aegis of the Ministry of Electronics and Information Technology (Meity), has taken on board Indian Cellular and Electronics Association (ICEA) and consultancy firm Bain & Company to finalise a detailed strategy report for the country to hit an ambitious production value of $500 billion in electronics by 2030.

 

The report is expected to be released by Communications Minister Ashwani Vaishnaw in the next few days, said sources in the know. The ambitious vision for electronics was announced by Prime Minister Narendra Modi a few months ago.

 

In July 2024, Niti Aayog came out with a study