'Developing entire setup for electronics mfg'

THIS TRUST AND the capabilities of our engineers is helping us grow our electronics exports.

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Electronics exports have grown eight times in the last 11 years. We are rapidly becoming an integral part of the global value chain. We have become the largest smartphone exporter to the US, surpassing all other countries. We have a rich and abundant talent pool in India. We are home to 20% of the design workforce in semiconductors. We are continuously building the AI talent pool also. This is an asset to India as well as the world too.

You have often said that the time has come for India to become a product nation. The focus on products is happening both at the end of government and industry. But what about monetisation of such products? Doyou think we can achieve global standards?

India is steadily transforming into a product nation and innovation-led economy. The focus is creating globally competitive products backed by Indian IPR (Intellectual Property Rights). Our homegrown startups are designing technologies that are in demand worldwide. For example, VerveSemi, a DLI-approved startup, is developing advanced semiconductor IPs for electric vehicles, aerospace and smart-energy systems. There are many such examples of Indian innovators creating products for global markets. This shift towards product-based innovation is driving monetisation opportunities and creating high-value jobs.