Indo-US Partnership Vital for Establishing India as a Global Manufacturing Hub, Says MeitY Secretary S Krishnan

India's electronics manufacturing sector is poised for significant growth, with a strong partnership with the US being essential to becoming a global manufacturing hub, according to MeitY Secretary S Krishnan. Speaking at the second round-table of the Indo-US Task Force for Electronics, hosted by the India Cellular & Electronics Association (ICEA), Krishnan highlighted the importance of this collaboration.

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The event gathered over 40 industry leaders from both Indian and American companies, alongside key government officials. They discussed strategies to boost Indo-US electronics trade to USD 100 billion within a decade. Electronics is expected to become the largest manufacturing sector worldwide, and India aims to secure a substantial share in this market.

Strengthening Global Supply Chains

Krishnan emphasised that India's goal is not only to ensure a resilient supply chain but also to be an integral part of global value chains. "We want to build these supply chains on mutual trust, and our partnership with the US is critical in achieving this," he stated. American firms have played a crucial role in transforming India into a global hub for electronics manufacturing, with smartphone exports serving as evidence of this success.

With strategic partnerships and a commitment to policy continuity, India is prepared to tackle challenges and seize opportunities. The Indo-US Task Force for Electronics, established by ICEA last year, aims to strengthen India’s role as a trusted electronics partner in the global supply chain.

Integrating Global Value Chains

ICEA Chairman Pankaj Mohindroo highlighted the importance of integrating global value chains (GVCs) into India's electronics manufacturing landscape. He noted that 95% of the electronics industry is driven by GVCs. "The only way to achieve set targets is to integrate GVCs into India at scale," Mohindroo said.

India is rapidly building its capability to be a significant player in this ecosystem. The growing partnership with the United States, combined with efforts in emerging sectors like electronics and solar, will help reinforce India's position as a trusted global partner.

Building a Resilient Future

Mohindroo further stated that the Indo-US partnership is not just about numbers but about creating a resilient, future-ready supply chain that benefits both countries. This collaboration aims to integrate the capabilities of Indian and American companies to foster innovation, drive trade, and create substantial employment opportunities.

The discussions at the round-table underscored the potential for India and the US to work together in building robust supply chains based on mutual trust. As electronics continues to grow as a global industry, India's strategic partnerships will be crucial in securing its place in global value chains.