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India Aims Higher: Boosting Value and Building Resilience in Electronics

Published: 1.18.2024

S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), outlined a comprehensive vision for the India‚Äôs electronics industry emphasizing the need for increased value addition in electronics components manufacturing. 

Krishnan called for the establishment of more electronics components manufacturing units within India, fostering self-reliance and reducing dependence on external sources. This resonates with the government's focus on developing a resilient semiconductor supply chain, backed by a dedicated Rs 75,000 crore subsidy over the next five years. 

The vision extends beyond just hardware. Krishnan highlighted the government's ambitious target of expanding the digital economy to a staggering USD one trillion by 2030 fueled by initiatives like the recently enacted Digital Personal Data Protection Act (DPDP) of 2023, ensuring a secure and responsible digital environment for all. 

Cyber security remains a top priority, with MeitY maintaining heightened vigilance to safeguard the country's critical cyber infrastructure. This commitment to a secure digital future further underpins the government's overall strategy for the electronics sector. 

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