Hyderabad, July 19. Union Minister Ashwini Vaishnaw announced on Saturday that India’s electronics exports have surpassed $40 billion, marking an eight-fold growth over the past 11 years. He also revealed that domestic electronics production has increased six-fold.
Speaking at the 14th convocation ceremony of IIT Hyderabad, Vaishnaw highlighted the rapid progress of India’s first bullet train project, expected to be operational by August or September 2027.
Vaishnaw stated that the first commercially viable semiconductor chip manufactured in India will be available this year. He expressed confidence that India is on track to become one of the world’s top five semiconductor producers in the coming years.
The Union Minister of Railways, Information & Broadcasting, Electronics & IT said, “In just 11 years, we have increased our electronics production six-fold. This is double-digit growth. We have expanded our exports eight-fold, crossing $40 billion in electronics manufacturing exports.”
He described this growth as unprecedented, achieved by very few countries before. He credited Prime Minister Narendra Modi’s leadership, noting that in about three and a half years, India has developed a complete 4G telecom stack. Today, it’s installed on nearly 90,000 telecom towers, surpassing networks in many countries worldwide.
