India's electronics, semiconductor production target to unlock major manufacturing opportunities: DPIIT Secy
New Delhi, July 30
As India is targeting a sharp expansion in electronics and semiconductor manufacturing, with annual production target of USD 500 billion by 2030 and USD 5.3-8 trillion by 2047, the country is expected to unlock significant manufacturing opportunities, said Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade.
Addressing the Indo-German Chamber of Commerce (IGCC) Dialogue 2026, Bhatia said the government's Viksit Bharat vision of transforming India into a developed country by 2047 has been translated into detailed sector-specific plans, covering both social and economic sectors.
These plans set out the targets to be achieved by 2047, along with a roadmap for the actions required by 2030, he further noted.
Highlighting India's electronics and semiconductor target, he said, "Some of the sectors which all of us are aware of, electronics and semiconductor, for example, we have a target of scaling our annual production from a baseline of USD 330 billion today to USD 500 billion by 2030, and again reach a target of around 5.3 to 8 trillion by 2047. Now, this unleashes a lot of manufacturing opportunities."
Commenting on the Indo-German relationship, he noted both the countries share strong and longstanding ties, marked by more than 25 years of strategic partnership and 75 years of diplomatic relations. He noted that business ties between the two countries date back more than 100 years, with German companies having a presence in India even before Independence.
Highlighting India's position as one of the world's fastest-growing major economies, he said the government's focus on reforms and implementation over the past decade has further strengthened in the last three years.
He pointed to high-level committees at the central government level working on sectoral reforms and a deregulation cell in the Cabinet Secretariat focused on easing regulations at the state level.
"We have Indian Chamber which has more than 2,500 members, which is a chamber of Indian and German industry. It was high time that this relationship deepens further. We've seen in the last few years a number of delegations visiting India," he noted.
— ANI
Reader Comments
Finally, some concrete numbers! But talk is cheap—we need to see actual factories and semiconductor fabs coming up. The PLI schemes have been good, but execution is key. Let's hope this time it's not just announcements on paper. 🙏
I'm excited but also cautious. We've been hearing about 'Make in India' for years and still import most of our electronics from China. Having Germany as a partner is smart—their precision and our scale could be a killer combo. Let's just ensure we don't become a dumping ground for old tech.
As someone working in global supply chains, I see huge potential here. India has the talent pool and the market. But these targets need massive investment in power, water, and logistics. Also, we should focus on R&D, not just assembly. Good to see the DPIIT is thinking big. 🇮🇳
Ahem, USD 500 billion by 2030? That's a 50% increase in just 6 years from today's base. I've seen enough government targets to be skeptical. What about skill development? Our engineering graduates often aren't industry-ready. And land acquisition for these fabs is a nightmare. Hope I'm proved wrong.
Sounds promising, especially the Indo-German partnership—they've been reliable partners for decades. But the real test will be whether we can break the China-centric supply chain. India's electronics imports are still huge. Let's see if the states compete to offer land and power, or if red tape kills it.