New Electronics Component Manufacturing Scheme to Deepen India’s Role in Global Value Chains
FinTech BizNews Service
Mumbai, April 18, 2025: Union Minister for Electronics and Information Technology, Railways, and Information & Broadcasting, Shri Ashwini Vaishnaw, today highlighted the significant strides India has made in electronics manufacturing in the last 10 years under the leadership of Prime Minister Shri Narendra Modi. Speaking at VVDN industry facility in Manesar, Haryana, the Minister highlighted that the New Electronics Component Manufacturing Scheme, recently cleared by Cabinet, further strengthens India’s position in global electronics supply chains. The Minister also said that the scheme guidelines will be issued soon.
In a landmark development for India’s electronics manufacturing landscape, Union Minister Shri Ashwini Vaishnaw also inaugurated an VVDN Technologies’ state-of-the-art Surface Mount Technology (SMT) Line and Mechanical Innovation Park at the company’s Global Innovation Park in Manesar, Haryana.
Union Minister Ashwini Vaishnaw said that electronics manufacturing in India has grown fivefold in the last six years, with the total value crossing ₹11 lakh crore. Exports have seen a sixfold increase over the last decade and now exceed ₹3.25 lakh crore. Terming this as one of the biggest success stories of the ‘Make in India’ initiative, Shri Vaishnaw said that the sector now employs over 25 lakh people and is poised for exponential growth in the coming years.
During his visit to the facility, Shri Vaishnaw noted the growing strength of India’s design ecosystem, pointing out that the location hosts a team of over 5,000 engineers working on complex, AI-embedded systems. “India now has the talent not only to manufacture but also to design sophisticated electronic products,” the Minister said, adding that this gives the country a significant edge over others lacking in design capability. Union Minister also interacted with the engineers and workers of the facility and urged them to continue to work towards boosting the electronics manufacturing ecosystem in India.
He also emphasized the importance of indigenously produced tools, stating that India is now designing and manufacturing design tools domestically—an important leap in achieving technological self-reliance. Citing the recent deployment of 6,000 AI servers by VVDN, Shri Vaishnaw termed it a milestone that showcases India’s hardware capability.
The Minister reiterated India’s commitment to building a trusted electronics manufacturing base, anchored in the protection of intellectual property rights, design-led innovation, and diverse rare earth supply chains. He also shared details of a three-tier skilling strategy, which includes basic training, on-site product-specific training, and industry-aligned university courses—especially relevant for high capital-expenditure skills in the sector.
