Electronics Manufacturing and SemiCon

India's electronics manufacturing is surging, transforming from an importer to a potential powerhouse. Domestic production has nearly doubled in five years, reaching $101 billion in 2023. This growth is fueled by a young, tech-savvy population driving demand and government initiatives like "Make in India."

 

Mobile phone production exemplifies this rise. India now boasts nearly 99% of all phones sold being manufactured domestically. This is due in part to giants like Samsung and Foxconn setting up mega-factories in the country. The future is bright too, with exports projected to hit $120 billion by 2026. With a skilled workforce and a booming domestic market, India's electronics industry is poised to become a global gamechanger.

Electric Mobility and Renewables

India's auto industry is revving its engine towards a greener future. The electric vehicle (EV) sector is witnessing explosive growth, with sales expected to jump from a mere 1.3% in 2022 to a potential 10 million units annually by 2030. This surge is driven by both government incentives and a growing focus on sustainability.

Battery production, a crucial element for EVs, is also gaining traction. Companies like Reliance Industries are investing heavily in setting up giga-factories to manufacture lithium-ion batteries, a key component for extended range and reduced emissions. This focus on domestic battery production will not only strengthen the EV ecosystem but also minimize reliance on imports, promoting a more sustainable supply chain.

As India steps on the gas towards electric mobility, a cleaner and more sustainable future for transportation seems to be on the horizon.