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