Piyush Goyal asks electronics companies to boost manufacturing, cut import dependence
In order to promote self-reliance and reduce import dependence, Commerce and Industry Minister Piyush Goyal has called for scaling up domestic manufacturing across the electronics value chain. The commerce ministry said ‘The minister underscored the need to deepen domestic capabilities across the electronics value chain, noting that greater self-reliance in both finished products and components will be key to sustaining India's export momentum and reducing import dependence.’
The country's electronic goods imports rose by about 17 per cent to $56.15 billion in the April-September period of this fiscal. Exports, on the other hand, surged 42 per cent to $22.2 billion in April-September 2025 compared to $15.6 billion in the same period of the preceding year. Further, the ministry said the ongoing free trade agreement (FTA) negotiations with the EU, UK, and EFTA aim to unlock new market access opportunities for Indian electronics manufacturers.
Meanwhile, the Electronics Component Manufacturing Scheme (ECMS) and Production Linked Incentive (PLI) plans are boosting domestic manufacturing depth and reducing import dependence. India's plan to achieve $180-200 billion in electronics exports by 2031 was also discussed during the deliberations.
