: Manufacturing & exports of electronics in India to exceed entire Auto sector, to cross 0 bn by 2026: MoS Rajeev Chandrasekhar #FinanceIndia #StockMarketNEWS Manufacturing & exports of electronics

@StockMarketNEWS Sun 18 Sep, 2022

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Manufacturing & exports of electronics in India to exceed entire Auto sector, to cross 0 bn by 2026: MoS Rajeev Chandrasekhar #FinanceIndia #StockMarketNEWS
Manufacturing & exports of electronics in India to exceed entire Auto sector, to cross 0 bn by 2026: MoS Rajeev Chandrasekhar Tirupati, Sept 17 (KNN) Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar said that India can achieve the target of USD 300 billion worth of electronics manufacturing and exports by 2025-26.

He highlighted government’s commitment to work in partnership with all states to support startups and entrepreneurs keen on investing in this sector - to reach this mark.

The Minister was speaking on his visit to India’s first lithium cell manufacturing facility of Munoth Industries at the Electronics Manufacturing Cluster at Tirupati.

“Our vision is to edge past the target of USD 300 bn worth of electronic manufacturing and exports by 2025-26. It translates to Rs 25 lakh crores, 24 times more than what it was when PM Modi took over in 2014 - 1.10 Lakh crores,” he said.

The Government’s proactive policies and well-calibrated programmes will support every startup, every entrepreneur to make this dream a reality, he said.

The commercial production and formal opening of the lithium-ion factory is slated for next month.

The installed capacity of the plant at present is 270 Mwh and can produce 20,000 cells of 10Ah capacity daily.

Later the Minister also visited the facilities of Dixon Technologies and United Telelinks located in the two EMCs. (KNN Bureau)