Electronics manufacturing capability to rise to Rs 24 lakh crore by 2026, creating 10 lakh jobs

The target of the Narendra Modi Government is to increase electronics manufacturing capability to Rs 24 lakh crore by 2025-26, which will also help create over 10 lakh jobs. Union Minister of State for Skill Development & Entrepreneurship and Electronics & Information Technology Rajeev Chandrasekhar informed about the plan, while addressing an audience of around 1,500 students.

The luckiest generation

The minister said the country is today at an inflection point, means the most exciting period in its history and the present generation of students is ‘the luckiest generation’ in Independent India’s history. He also drew a comparison between India pre-2014 and post-2014, when Narendra Modi took over as Prime Minister.

Functional democracy

The minister said, ‘Today, Young Indians are driving the country’s progress in India’s Techade. There are more than 90,000 startups, including 110 unicorns, in which young Indians are playing a big part. They have achieved their success due to their hard work and efforts and not because of any connections or famous last name. He added that the age-old narrative of dysfunctional democracy and governance has been changed to functional democracy and maximum governance, thanks to the policies of the government.

Double engine government

The minister also answered queries ranging from skilling, R&D and innovation ecosystem, entrepreneurship opportunities & recent meeting with Microsoft co-founder Bill Gates. In response to a question on the concept of ‘Double Engine Government’, Chandrasekhar explained that if the government at the Centre and those in states worked in tandem with shared goals, the momentum of economic development gets enhanced.

SVB crisis

Chandrasekhar also talked of the SVB crisis and Indian government’s role to mitigate the woes of the startups, adding that the Indian banking system is much more resilient and stronger in comparison to any other country’s banking system. The startups should therefore opt for Indian banks as their preferred banking partners.

15 lakh young students to be trained

Chandrasekhar said, ‘At least 15 lakh young Indians from Karnataka will be given training in industry relevant Future Ready skills.’ He cited examples of the opening of India offices of companies like Salesforce, Truecaller and Renesas, to highlight how opportunities are abundantly available and the skilling will help to equip young Indians to take on these opportunities.’

New India for Young India

It is interesting to note that ‘New India for Young India’ is a series of interactions initiated by Rajeev Chandrasekhar with school and college students that involve discussions around the developments in the digital and entrepreneurial space under the leadership of Prime Minister Narendra Modi. The session was very well received by students and the faculty present in the auditorium.

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