Electronics Set to Become the World's Largest Manufacturing Sector: Centre

The electronic sector is all set to become largest manufacturing industry in India as well as world says S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY). He emphasized Tamil Nadu’s electronic manufacturing network as a key player in the global shift. He shared these findings during the opening of Zetwerk Electronics' new manufacturing facility, which was attended by Union Minister Ashwini Vaishnaw.

The event, took place in Sriperumbudur, and was attended by Tamil Nadu Industries Minister TRB Rajaa, Zetwerk CEO and Co-founder Amrit Acharya, and President of Electronics Business Josh Foulger. Participating in the event, Krishnan, a 1989-batch IAS officer expressed his pleasure and said Prime Minister Narendra Modi has set an ambitious target of achieving $500 billion in annual electronics manufacturing. He added that without Tamil Nadu's full participation, reaching this goal would be "very difficult."

He added, "Nearly 20 per cent, or a quarter, of this target will need to be met through production in this region. Given the high-quality human resources engaged in manufacturing, many electronics manufacturers are keen to establish a base here”

"The most important factor attracting industries to this area is the quality of human resources and their ability to support manufacturers in expanding operations and exporting globally. This is yet another feather in Tamil Nadu's cap," he said.

After inauguration of manufacturing facility, Vaishnaw visited the Indian Institute of Technology Madras (IIT-M) campus in Thaiyur to get a firsthand account of the Hyperloop test facility. Later, he interacted with the faculty and students.