The union minister of state for Communications and Rural Development, highlighted a $25 billion opportunity in telecom component manufacturing, calling on global industry players to tap India’s expanding digital and manufacturing ecosystem. He noted that India’s transformation over the past decade has been driven by a shift in policy approach and stronger execution.
He said that India’s growth trajectory reflects deliberate reforms and rising entrepreneurial capacity.
Additionally, the minister assured that the Ministry of Communications is prepared to fast-track approvals and support new manufacturing investments, enabling companies to participate in a rapidly growing market led by increasing telecom demand.
Further, he outlined major policy reforms that have strengthened India’s investment climate, such as large-scale infrastructure spending, production-linked incentive (PLI) schemes, simplified labour laws, goods and services tax (GST)-based market integration, and the insolvency and bankruptcy code.
Showcasing Andhra Pradesh, he said the state has emerged as a strong investment destination with sector-specific hubs including information technology (IT), industry, fintech, automobiles, and electronics. He noted that initiatives such as Genome Valley, along with the presence of multiple ports, industrial land banks, renewable energy potential, and a governance model focused on facilitation, have improved investor confidence.
Moreover, he highlighted the role of state leadership and young ministers in accelerating development momentum, positioning Andhra Pradesh as both investment-ready and investment-seeking.
