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MeitY: Speaking at the Merchants Chamber of Commerce and Industry here, Krishnan said "Electronics manufacturing in the country is an important part of the new policy of the government. Now the present level of value addition by Indian companies is 15 per cent. Work should be directed towards increasing this percentage and the government is prepared to support this".
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The SMT equipment market is driven by demand for miniaturized electronic devices, prompting precision and efficiency in manufacturing processes.Wilmington, Delaware, United States, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The worldwide surface mount technology equipment market is projected to surge significantly at a CAGR of 5.9% between 2023 and 2031. As per Transparency Market Research, sales of surface mount technology equipment are expected to reach approximately
"In FY 2013-14 the electronics manufacturing was Rs 1,80,454 crore ($29.8 billion) and has grown significantly to Rs 8,22,350 crore ($102 billion)in FY 2022-23, which is further expected to grow up to Rs 23,95,195 crore ($ 300 billion) by 2026," the minister said.
"In FY 2013-14 the electronics manufacturing was Rs 1,80,454 crore ($29.8 billion) and has grown significantly to Rs 8,22,350 crore ($102 billion)in FY 2022-23, which is further expected to grow up to Rs 23,95,195 crore ($ 300 billion) by 2026," the minister said.