To reach the ambitious goal of a $5 trillion economy, the government aims for $300 billion in electronics production, including $100 billion in exports, by providing manufacturers with incentives. The government s efforts, including the Production Linked Incentive Scheme (PLI), aim to boost exports and production in the electronics industry.
India, today, is a major player in the global electronics manufacturing industry. The country is rapidly becoming an electronics manufacturing hub, with the sector expected to rise to $ 300 billion by 2025-26. This growth can be attributed to the government's push to promote domestic electronics manufacturing, which has led to increased investment and the creation of new jobs. This blog post from Invest India's Aditi Singh explains.
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