DPIIT Advocates Expanding Manufacturing to Tier 2 and Tier 3 Cities

ENA Sectors 2024-11-27 15:02:32 New Delhi, Nov 27 (KNN) Addressing the CII Electronics Summit 2024, themed Vision to Reality: Unfolding the Electronics Manufacturing Journey in India, Rajeev Singh Thakur, Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), highlighted the transformative strides of Indias electronics sector. He lauded the partnership between industry stakeholders and the government, particularly the Ministry of Electronics, as a shining example of how collaborative policymaking can unlock the potential of emerging industries. Speaking at the event, Thakur emphasised the vital role of cooperative problem-solving in shaping policies that address real-world challenges. This powerful synergy ensures the creation of an environment where businesses can flourish, he remarked, underscoring the sectors rapid growth as evidence of such collaborations effectiveness. A key focus of his address was the need to broaden the manufacturing ecosystem. Thakur proposed expanding operations beyond metropolitan hubs to Tier 2 and Tier 3 cities. By leveraging improved internet connectivity, reliable power supply, and expanding infrastructure, we can reduce congestion in metros and unlock the economic potential of smaller towns, he stated. This decentralized approach, he explained, would not only decongest urban centers but also foster inclusive growth by empowering smaller towns to become hubs of innovation and production. He stressed that such expansion could provide sustainable growth while ensuring business viability and addressing regional disparities. The electronics sector has emerged as a cornerstone of India's industrial progress, contributing significantly to economic development and employment generation. Under the governments vision and through schemes like Production Linked Incentives (PLI), India has become a preferred destination for electronics manufacturing globally. The summit, attended by leading industry figures and policymakers, served as a platform to align strategies for taking Indias electronics manufacturing from vision to reality. Thakurs call to action emphasised the importance of leveraging Indias infrastructural advancements to sustain its growth trajectory while making it inclusive and future-ready. (KNN Bureau) 40056 https://knnindia.co.in/news/newsdetails/sectors/dpiit-advocates-expanding-manufacturing-to-tier-2-and-tier-3-cities 2024-11-27 15:02:32 knnindia.co.in DPIIT Advocates Expanding Manufacturing to Tier 2 and Tier 3 Cities