Arete Consultants

Electronic Manufacturing

Embark on a journey into India’s burgeoning electronic manufacturing sector, fueling the nation’s technological advancement. Positioned as the world’s second-largest mobile manufacturer, India stands at the forefront of digital progress, boasting the globe’s second-largest digital base among the top 17 economies. Forecasts indicate a significant surge in domestic electronics hardware demand, projected to reach USD 400 billion by 2025.

Demonstrating unwavering support for this sector, the budget for 2023-24 allocates USD 200 million to the Ministry of Electronics and Information Technology, marking an impressive 40% year-on-year increase. This substantial investment underscores the government’s commitment to fostering growth and innovation in electronic manufacturing.

Driven by pivotal government initiatives such as ‘Digital India’ and ‘Make in India’, coupled with a welcoming FDI policy for electronics manufacturing, India offers a conducive ecosystem for establishing manufacturing units.