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1)Growth and Value Addition:
- India’s electronics manufacturing sector is expected to grow 15% in 2024 to reach USD 115 billion.
- Increased focus on higher value addition in both components and product development.
- Mobile phone production to surpass USD 50 billion, with exports reaching USD 15 billion by FY24 (35% growth).
2)Mobile Phone Industry:
- “Poster boy” of Indian electronics manufacturing.
- Near self-reliance achieved in PCBAs, chargers, batteries, and cables.
- Doubts raised by former RBI chief Rajan on value addition, countered by ministers who point to 60% local value addition in some products and future potential for significant component exports.
3)Semiconductor Ecosystem:
- Breakthrough with Micron’s USD 2.75 billion memory chip plant project.
- Vedanta-Foxconn joint venture break-up, but Tata, Foxconn, and HCL have submitted separate applications for chip plants.
- Fabless chipset company MediaTek open to sourcing locally-made chips in the future.
4)Value Addition:
- Mobile devices have seen value addition increase from 5-6% to up to 28%.
- Push needed for “design in India” products to further enhance value addition.
Telecom PLI beneficiary GX Telecom emphasizes localization with components and PCBA designs already produced in India. - C-DoT’s efforts in local product development and design bearing fruit.
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