India Becomes World's 2nd Largest Mobile Manufacturer, Creates 2.5 Million Jobs

In multiple posts on social media platform X, Vaishnaw said that the country has increased electronic exports eightfold over the past 11 years, mainly driven by policy support from the Production Linked Incentive Scheme.

The PLI scheme for Large Scale Electronics Manufacturing has attracted over Rs 13,475 crore in investment and helped achieve production of about Rs 9.8 lakh crore in the electronics sector, driving manufacturing, jobs, and exports, he said.

Vaishnaw highlighted that "over 1.3 lakh jobs were created in the last five years and that electronics is now India's third‑largest export category, climbing from seventh place".

He said the country was initially focusing on finished products, but the Electronics Component Manufacturing Scheme supported a shift to "building capacity for modules, components, sub-modules, raw materials, and the machines that make them."

The Electronics Component Manufacturing Scheme has 249 applications representing Rs 1.15 lakh crore in investment, Rs 10.34 lakh crore in production, and creating 1.42 lakh jobs, the post said, adding it is the highest-ever investment commitment in India's electronics sector, indicating industry confidence.

Vaishnaw also noted progress in the semiconductor sector, saying ten units have been approved, with three already in pilot or early production. The minister said that "fabs and ATMPs from India will soon supply chips to phone and electronics manufacturers".

"Electronics manufacturing created 25 lakh jobs in the last decade. This is the real economic growth at the grassroots level," the minister said.

"As we scale semiconductors and component manufacturing, job creation will accelerate. From finished products to components, production is growing. Exports are rising. Global players are confident. Indian companies are competitive. Jobs are being created. This is 'Make in India' impact story!" he noted.

- IANS