New Delhi:– We commend the Government of India for the visionary and forward-looking Union Budget presented under the Modi 3.0 administration. This budget prioritizes employment generation, skilling, social justice, and manufacturing—aligning seamlessly with India’s ambition to become a global electronics powerhouse.
Finance Minister Nirmala Sitharaman’s emphasis on strengthening the domestic electronics manufacturing ecosystem will significantly boost job creation, skill development, and innovation. The proposed national framework to support Global Capability Centers (GCCs) in Tier-2 cities is a crucial step toward fostering regional economic growth by leveraging local talent, upgrading infrastructure, and enhancing industry collaboration.
The government’s reforms in the power sector, particularly incentivizing states to improve electricity distribution and transmission, will provide a reliable energy backbone for the electronics and semiconductor industries. Additionally, India’s proactive stance in offering incentives, including tax benefits and land access, to attract global semiconductor and electronics firms reaffirms our nation’s commitment to becoming a leader in high-value manufacturing.
The proposed tariff reductions on key mobile phone assembly components, such as printed circuit board assemblies, camera modules, and USB cables, will strengthen India’s position in global supply chains. This move is a significant boost for MSMEs and large-scale manufacturers, fostering self-reliance while enhancing our global competitiveness amid shifting geopolitical dynamics.
A game-changing initiative in this budget is the introduction of ‘Bharat Trade Net’, a unified digital platform to streamline export documentation. By reducing administrative burdens and increasing trade efficiency, this initiative will empower Indian electronics manufacturers to expand their global footprint with ease.
Skilling remains a cornerstone of India’s growth strategy, and we at the Electronics Sector Skills Council of India (ESSCI) are particularly encouraged by the establishment of five National Centres of Excellence for Skilling. These centers will be instrumental in equipping our workforce with the expertise required for advanced manufacturing under the “Make for India, Make for the World” vision. ESSCI is committed to collaborating on curriculum development, training of trainers, skills certification, and industry-aligned skilling programs that meet global standards.
At ESSCI, we stand ready to support these transformative initiatives and contribute actively to India’s journey as a global electronics and semiconductor hub. This budget instills confidence in our collective ability to create a future where skilled talent, robust manufacturing, and sustainable economic growth drive India’s success on the world stage.
