Will reach 35% value addition in electronics in five years: Ashwini Vaishnaw

March 29, 2025

, By The Economic Times

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India will reach a 30-35% value addition in electronics manufacturing, comparable to South Korea and Taiwan in the next five years— almost double of the current 20%, said Ashwini Vaishnaw in an interview with ET.

The scheme for components manufacturing cleared by the Cabinet on Friday will aid in reaching the target and includes incentives based on employment, capex, and turnover. He said that sector aims to become a $500 billion industry by 2030, employing 60 lakh people from the current 35 lakh. The scheme will see investments of ₹60,000 crore,…

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Will reach 35% value addition in electronics in five years: Ashwini Vaishnaw

March 29, 2025

, Published By The Economic Times

India will reach a 30-35% value addition in electronics manufacturing, comparable to South Korea and Taiwan in the next five years— almost double of the current 20%, said Ashwini Vaishnaw in an interview with ET.

The scheme for components manufacturing cleared by the Cabinet on Friday will aid in reaching the target and includes incentives based on employment, capex, and turnover. He said that sector aims to become a $500 billion industry by 2030, employing 60 lakh people from the current 35 lakh. The scheme will see investments of ₹60,000 crore,…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Microsoft is this industry’s no. 1 fan. Others should be, too

Next News

CoreWeave disappoints on opening of trading

The Economic Times

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