The government is keen to make India a $250 billion electronics manufacturing hub over the next five years, Electronics and Information Technology Union Minister Ashwini Vaishnaw said on Wednesday.
The minister, who took part in the "Azadi Ka Digital Mahotsav" event celebrated by the Ministry of Electronics and Information Technology, expressed his delight at the electronics manufacturing industry to secure a revenue of $300 billion by 2025-26.
"When we were reviewing what should be our target, even 25 per cent seemed impossible but now I think even 30 percent is achievable. We are taking the lead in telecom. Our 5G stack will be the first virtualized 5G stack in the world. Now we can think of manufacturing at a different scale because the world will move towards ecosystems where our companies will be managing telecom network across the world," he said.
"We've reached USD 75 billion today and have a goal to reach USD 250 billion in the next 5 years. In my interactions with the industry today, their view is $300 billion, which makes me very proud and happy. Today, we salute all the talented and diverse industry champions," he added.