India's Precision Manufacturing: Beyond 'Screwdriver Technology'
Screwdriver technology a myth, India's precision manufacturing grows

Image: Asianet Newsable
Union Minister Ashwini Vaishnaw emphasized India's advancements in precision manufacturing, moving beyond mere assembly to component production. The electronics sector has created 2.5 million jobs and is now India's third-largest export category, reflecting significant growth and investment in the industry.
- 01India exported components worth ₹35,000 crore to China last year.
- 02The electronics sector has created 2.5 million jobs, enhancing women's participation and opportunities for MSMEs.
- 03Mobile manufacturing units in India increased from 2 in 2014-15 to about 300 now.
- 04Electronics production surged from ₹1.9 lakh crore in 2014-15 to ₹11.3 lakh crore in 2024-25.
- 05The Production Linked Incentive Scheme attracted over ₹13,475 crore in investments.
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Union Minister Ashwini Vaishnaw has rejected the notion that India's manufacturing is limited to 'screwdriver technology,' highlighting the country's strides in precision manufacturing, particularly in electronics. He noted that India has transitioned from assembly to producing complex components, showcasing a steel block made from multiple hidden pieces as evidence of this precision. The electronics sector has emerged as India's third-largest export category, generating 2.5 million jobs and significantly increasing women's workforce participation. Last year, India exported components worth ₹35,000 crore to China, and the government is set to establish 250 new component manufacturing factories in the next few years. The Production Linked Incentive Scheme has drawn investments exceeding ₹13,475 crore, further boosting production from ₹1.9 lakh crore in 2014-15 to an expected ₹11.3 lakh crore in 2024-25. Mobile manufacturing has also flourished, with units rising from 2 to approximately 300, indicating a robust growth trajectory in the 'Make in India' initiative.
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The growth in India's electronics manufacturing sector is creating significant employment opportunities and boosting the economy.
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