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Source India electronics and supply chain exhibition inaugurated in the city

  • By max@runrays.com
  • 02/21/2025
  • 51 Views

The electronics industry is a significant player in the State’s industrial ecosystem and the State government plans to keep up the momentum already, said Arun Roy, Secretary of the Industries department.

Mr. Roy was delivering the inaugural address of the 14th edition of the Source India electronics and supply chain exhibition organised by Electronics Industries Association of India (ELCINA) at the Chennai Trade Centre on Tuesday. He said the State has one of the largest manufacturing workforce and contributes more than 13% of the manufacturing gross value added (GVA). With Chief Minister M.K. Stalin’s target of achieving a $1 trillion economy, the State which contributes 20% of the electronics manufacturing output in the country plans to grow faster than the national average in the coming years. Mr. Roy said the electronics exports in the State have been growing phenomenally, what once stood at $1.60 billion 2021 has grown to $9.56 billion 2023-24. He said while the State government is keen to keep up the momentum growing in electronics manufacturing, the State government understands that steps need to be taken to improve the components manufacturing through improvements in the value addition by aligning closely with the global value chain. He said the State plans to capitalise on the strengths of the existing industrial ecosystem in automobiles and electronics manufacturing.

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