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Achieving USD 300bn electronics hardware manufacturing in India by 2026

The Manufacturers Association of Information Technology (MAIT) met with Minister for Electronics and Information Technology (MeitY), Ashwini Vaishnaw and discussed the way forward to achieving the electronics hardware manufacturing target of $300-billion by 2026.

“Government and industry are closely working together to achieve our shared goal of $300 billion in the ESDM sector. We are committed to solve all issues and concerns that the industry brought up during today’s extensive meeting,” Vaishnaw said after the meeting.

The minister discussed steps to fast forward electronics repair services in the country. On the MAIT proposal for electronics hardware repair, refurbishment and calibration services which could emerge as the next sunrise sector opportunity for India, the Minister suggested to work as a team to fast forward this mission.

MAIT’s president Nitin Kunkolienker stated that one of the goals of PLI scheme should be to nurture Indian brands. The meeting dwelled on how MSMEs can leverage PLI-driven growth to form the bedrock of the local electronic manufacturing ecosystem of India.

The meeting was also attended by industry leaders from major global & Indian IT hardware companies including Acer, Dell, Cisco, Flex, HPE, Apple, HPI, Lenovo, Oppo, Prose Technology Private Limited, Samsung and Indian industry players from Netweb, Sahasra (InfoPower), Tube Investments, and Velankanni among others.

TVJ Bureau

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