Union Electronics and Information Technology Minister Ashwini Vaishnaw on Wednesday (1 December) said that the Modi government will extend all sorts of structural, procedural and compliance support to the Electronics System Design and Manufacturing (ESDM) industry to achieve their commitment of $300 billion revenue by 2025-26.
While delivering a speech during the ‘Azadi Ka Digital Mahotsav’ event at the India Habitat Centre, New Delhi on Wednesday, Ashwini also said that the local electronics industry's assurance to the government of $300 billion in revenue by 2025-26 has given him "great confidence".
During his speech, the IT minister also highlighted how the world is now opening up towards India and considering the country as a manufacturing hub, according to a Electronics and Information Technology Ministry release.
“It gives me great confidence when the Electronics Manufacturing Industry today has committed and assured us of $300 Billion revenue by 2025-26. When we were reviewing what should be our target, even 25 per cent seemed impossible but now I think even 30 per cent is achievable," said Vaishnaw.
"We are taking the lead in telecom. Our 5G stack will be the first virtualized 5G stack in the world. Now we can think of manufacturing at a different scale because the world will move towards ecosystems where our companies will be managing telecom network across the world,” he added.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.