India’s electronics manufacturing services (EMS) market may cross $150 billion by FY30, says KPMG report
India currently accounts for only about 5-6 per cent of global EMS manufacturing, indicating significant headroom for expansion.
India currently accounts for only about 5-6 per cent of global EMS manufacturing, indicating significant headroom for expansion.
Electronics production in India surged from Rs 1.9 lakh crore in 2014–15 to Rs 11.32 lakh crore in 2024–25.
The report is the outcome of an extensive analysis of India’s electronics sector, including its scopes and challenges, the Niti Aayog said.
The Narendra Modi government's target is to increase electronics manufacturing capability to Rs 24 lakh crore by 2025-26, which will also help create over 10 lakh jobs, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Friday.
The signing ceremony was witnessed by Taiwan's Deputy Economics Minister Chen Chern-Chyi -- who headed a Taiwanese delegation to India.
The decision was taken in the Union Cabinet chaired by Prime Minister Narendra Modi to give a series of attractive incentives to the Semiconductor industry.
