Electronics Companies: It added that the component ecosystem would take at least 2-3 years to start commercial production. Once it takes off, domestic manufacturing of components should be able to cater to 5-10% of global demand in 6-7 years, ICEA said, adding international firms should be invited to get a major share in the domestic and global component manufacturing market.
"The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032," the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said.
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Founders and top executives of Zomato, Mamaearth, Dixon, Urban Company, MapMyIndia, EaseMyTrip join BJP outreach to IT professionals, startups, innovators and intellectuals
Industry leaders gathered at Union Minister Hardeep Singh Puri residence for a Vishesh Sampark Abhiyan event where they discussed the rapid advancements in