India Business Journal - Electronics sector to add $1 trn to economy

ECONOMY

Electronics sector to add $1 trn to economy

IBJ Bureau
Dec 30, 2020

Union Communication and IT Minister Ravi Shankar Prasad has said that scaling up of electronic manufacturing in the country can alone contribute $1 trillion to the economy. The government has seen interest from global majors, like Apple, Samsung and their contract manufacturers, to scale up production in India. “I don’t have slightest doubt that by proper scaling of electronic manufacturing alone, we will be able to contribute $1 trillion to the country’s kitty, and that is what I am aiming for, and that’s what we are sure to succeed,” Mr Prasad said at an ASSOCHAM event recently.