Electronic chips worth Rs 1.1 lakh crore were consumed in India in 2020 as per industry estimates.
Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Rajya Sabha said that the entire domestic demand was met through imports as there is no electronic chip manufacturing is present in India but the government has approved a Rs 76,000 crore to make in India self-reliant in this segment.
He said that due to initiatives of the government and efforts of the industry, the domestic production of electronic goods has increased to Rs 5,54,461 crore (USD 74.7 billion) in 2020-21 from Rs 2,43,263 crore (USD 37 billion) in 2015-16 growing at a Compound Annual Growth Rate (CAGR) of 17.9 per cent.
The minister said that beside Rs 76,000 crore semicon programme, the government has also approved modernisation of SemiConductor Laboratory, Mohali as a brownfield Fab.
In reply to a separate question, Chandrasekhar shared that the import of electronic goods increased to Rs 87,169 crore in 2019-20 from Rs 65,779 crore in 2018-19 but reduced to Rs 82,645 crore in 2020-21.
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