India is committed to reach $300 bn worth of electronics manufacturing and exports by 2025-26, says the Minister
The Minister of State (MoS) for Electronics and Information Technology, Rajeev Chandrasekhar recently visited India’s first lithium cell manufacturing facility of Munoth Industries. It is located in the Electronics Manufacturing Cluster of Tirupati, Andhra Pradesh. It must be noted that this state-of-the-art facility is located in one of the two Electronics Manufacturing Clusters set up in the temple town, by the Prime Minister in 2015. Chennai-based Munoth Industries Limited prepared it with an outlay of Rs 165 crores.
During the visit, Chandrasekhar stated that India can achieve the target of $300 billion worth of electronics manufacturing and exports by 2025-26. For achieving this, he added, the central government is committed to partnering with all states to support startups and entrepreneurs keen on investing in this sector.
Target: $300 Bn
He said, “It is an honour and privilege to be on this blessed land of Tirupati – the abode of Sri Venkateswara. It is also one day before the birthday of our Prime Minister. For me, it is personally very fitting to be in Tirupati EMC and in India’s first lithium cell manufacturing plant.” Elaborating on the government’s vision to hit the target of $300 bn worth of electronic manufacturing and exports by 2025-26, he added that it translates to Rs 25 lakh crores, 24 times more than what it was when PM Modi took over in 2014 – 1.10 Lakh crores.
It is noteworthy that the commercial production and formal opening of the concerned lithium-ion factory will take place in October. The installed capacity of the plant at present is 270 Mwh and can produce 20,000 cells of 10Ah capacity per day.
Applauding the Electronics Manufacturing Clusters for being a step in the direction of making India the global hub of electronic manufacturing, the minister said, “The Electronics Manufacturing Clusters are fast becoming centres of creation of electronics manufacturing, innovation and jobs. They will be playing a big role in the future and shape India’s Techade in both design innovation and electronics manufacturing that are important areas of interest for our youth.”