India Targets Rs. 24 Lakh Crore Electronics Manufacturing by 2026

What is the target of Indian Government?

The Indian government has set an ambitious target of increasing the country’s electronics manufacturing capability to Rs. 24 lakh crore by the year of 2025-26. This move is expected to generate over 10 lakh jobs in the electronics sector.

India Aims to Boost Electronics Manufacturing to Rs. 24 Lakh Crore by 2026

According to Rajeev Chandrasekhar, the Minister of State for Electronics and IT, India is currently at a critical turning point, and this is the most exciting period in the nation’s history.

Speaking at a function in Bengaluru, Chandrasekhar stated that the current generation of students is the luckiest generation in independent India’s history, with tremendous opportunities in the country’s rapidly growing electronics industry.

With the government’s focus on boosting domestic manufacturing capabilities, the electronics sector is poised for significant growth, creating new jobs and spurring economic development in the years to come.

What is Prime Minister Narendra Modi thought on this?

The Narendra Modi-led government of India has set a lofty goal of ramping up electronics manufacturing capability to Rs. 24 lakh crore by the year of 2025-26, according to an official statement. This initiative is expected to create over 10 lakh jobs in the rapidly growing electronics sector.

Rajeev Chandrasekhar, the Minister of State for Electronics and IT, highlighted that young Indians are playing a crucial role in this exciting period of the country’s history, with more than 90,000 startups and 110 unicorns. Chandrasekhar also announced that at least 15 lakh young Indians from Karnataka will receive training in industry-relevant, future-ready skills, enabling them to participate in the country’s burgeoning electronics industry.

With the government’s focus on boosting domestic manufacturing capabilities and providing skills training to young people, the electronics industry in India is set for significant growth in the coming years, creating new jobs and driving economic development.

What Minister of State for Electronics and IT says?

On the occasion of ‘Spoorti Dina’, or Inspiration Day, which marks the birthday of the popular Kannada actor Puneeth Rajkumar, Minister of State for Electronics and IT Rajeev Chandrasekhar spoke to students about the opportunities in IndiaTechade. As per a statement, Chandrasekhar recalled Appu, as the actor was commonly referred to, and highlighted that the day could not be more appropriate to discuss the emerging technology industry with students.

During the discussion, Chandrasekhar also addressed a query about the recent crisis at Silicon Valley Bank and the Indian government’s role in supporting startups. He asserted that the Indian banking system is more resilient and stronger than other global banking systems, providing a stable foundation for startups in the country.

With government officials highlighting the potential of the technology industry in India, the country is poised for continued growth and development in this sector, creating more opportunities for startups and young professionals alike.

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