According to Ashok Chandal, president, India Electronics and Semiconductor Association (IESA), India’s electronic exports have seen a significant rise, primarily driven by the government’s Production-Linked Incentive (PLI) scheme and the development of electronic manufacturing clusters. He noted that these initiatives have not only boosted local production but also positioned India as an attractive destination for global investors.
Chandal highlighted that government initiatives like the PLI scheme and Make in India have been instrumental in making Indian electronics manufacturing more cost-competitive. According to him, the Indian government has recently begun disbursing reimbursements under the PLI scheme across multiple sectors, including electronics, semiconductors, automotive, and pharmaceuticals.
He also pointed out the role of Apple’s contract manufacturers, Foxconn and Pegatron, are strengthening India’s reputation in high-tech manufacturing. Apple’s expansion has had a notable impact, with the company now contributing over 50 per cent of India’s total electronics exports.
Looking ahead, Chandal sees strong export potential in sectors such as automotive electronics, electric vehicles (EVs), medical devices, industrial Internet of Things (IoT), and consumer electronics. To sustain this growth, he stressed the importance of enhancing India’s supply chain resilience and strengthening research and development (R&D) capabilities.
