A strong supply chain is essential for the growth and success of the sector in India, to fulfill consumer demand, save costs, and promote innovation in the electronics industry,
“With the introduction of the ‘Atmanirbhar Bharat’ project, India has focused on constructing a self-sufficient and reliable supply chain that can sustain the growth of the electronics sector.
This includes boosting home production, decreasing reliance on imports, and encouraging the growth of domestic suppliers and vendors. According to the Electronics Association in India, India can become a leading player in the global market and achieve its aim of self-reliance by boosting the supply chain in the electronics sector.
The Electronics Supply Chain Summit, which included mobile/mobile accessories, consumer electronics, CCTV camera & security products, telecom & peripherals, semiconductor components & modules, and lighting segments of the electronics industry, sought to improve local sourcing and increase value.
It gathered together industry professionals, decision-makers, and stakeholders to address the most recent advancements, difficulties, and possibilities in the electronics manufacturing sector.
India’s exports of electronic goods increased 50% in 2022–2023 from USD 15.66 billion to USD 23.57 billion. This gain of USD 8.24 billion accounted for 33% of the year’s USD 25 billion increase in overall exports.
