(Electronics Sector Skills Council of India (ESSCI) Officiating Head Saleem Ahmed)
Delhi, New Delhi: We applaud the Indian government’s forward-thinking and ambitious Union Budget, which was unveiled during 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.
Innovation, skill development, and job creation will all be greatly increased by Finance Minister Nirmala Sitharaman’s focus on bolstering the local electronics manufacturing ecosystem. By using local talent, improving infrastructure, and strengthening industry collaboration, the proposed national framework to support Global Capability Centres (GCCs) in Tier-2 cities is an essential step towards promoting regional economic growth.
The electronics and semiconductor sectors will have a dependable energy foundation thanks to the government’s power sector reforms, which specifically encourage states to enhance electricity transmission and distribution. Furthermore, our country’s determination to become a leader in high-value manufacturing is reaffirmed by India’s proactive approach in providing incentives, such as tax breaks and land access, to draw in multinational semiconductor and electronics companies.
India’s position in international supply chains will be strengthened by the planned tariff reductions on essential mobile phone assembly components, including printed circuit board assemblies, camera modules, and USB cables. Large-scale manufacturers and MSMEs alike would benefit greatly from this action, which will increase our global competitiveness in the face of changing geopolitical conditions and promote self-reliance.
The creation of “Bharat Trade Net,” a single digital platform to expedite export documentation, is a revolutionary innovation included in this budget. This program would enable Indian electronics businesses to easily extend their worldwide presence by lowering administrative hurdles and improving trade efficiency.
The creation of five National Centres of Excellence for Skilling is very encouraging to us at the Electronics Sector Skills Council of India (ESSCI), since skilling continues to be a key component of India’s growth plan. Under the “Make for India, Make for the World” agenda, these centres will play a crucial role in providing our workforce with the knowledge and skills needed for sophisticated manufacturing. 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 are prepared to back these ground-breaking projects and actively participate in India’s development becoming a major centre for electronics and semiconductors worldwide. This budget gives us hope that we can all work together to build a future where India’s success on the global scene is fuelled by highly qualified labour, strong manufacturing, and steady economic development.