India’s electronics exports have risen from the fifth-largest to the third-largest export category within a single fiscal year, driven by the transformative Production-Linked Incentive (PLI) scheme, Union Minister Ashwini Vaishnaw said on Tuesday.
In a post on X, the minister said that electronics exports hit an all-time high, surpassing Rs 3.25 lakh crore in FY25.
Vaishnaw also highlighted that lakhs of new jobs have been created in the electronics ecosystem, especially for women, along with “skilling, increasing domestic value addition (DVA), and Indian MSMEs joining global supply chains.”
The electronics manufacturing industry has seen five-fold growth over the last 10 years, surpassing Rs 11 lakh crore, while the entire ecosystem has created 25 lakh jobs.
Vaishnaw also hailed hardware brands now lining up for India, as China stands to lose amidst the ongoing trade tariff war with the US. The PLI 2.0 scheme for IT hardware saw more than Rs 10,000 crore in production and 3,900 jobs in just 18 months of its launch, the government said in January this year.
Notably, India has begun producing laptops as part of its expanding electronics manufacturing sector. Additionally, the sector has received a significant boost with the government announcing the long-awaited ‘Electronics Component Manufacturing Scheme’ (ECMS).
The scheme marks a turning point for strengthening India’s component manufacturing ecosystem and increasing domestic value addition. With a financial outlay of Rs 22,919 crore over six years, ECMS aims to generate production worth Rs 4.56 lakh crore, attract investments of Rs 59,350 crore, and create nearly 91,600 direct jobs.
IANS
