Addressing the gathering, Vaishnaw said India has undergone a remarkable transformation under the leadership of Prime Minister Narendra Modi, evolving into a leading global destination for electronics manufacturing. He noted that products manufactured in India are now being exported to markets across the world and expressed confidence that the country is on track to become the world’s second-largest electronics exporter in the coming years.
Highlighting the government’s efforts to strengthen the domestic technology ecosystem, the minister said two semiconductor plants are currently under development in the country. He added that the number of semiconductor facilities will increase to four by the end of the year, further accelerating India’s ambitions in advanced manufacturing and technology production.
Vaishnaw also announced plans to begin manufacturing mechanical precision parts in Pune, a move aimed at strengthening the electronics and semiconductor supply chain. He credited Maharashtra Chief Minister Devendra Fadnavis for implementing land reforms that have played a significant role in attracting major investments to the state and creating a favourable environment for industrial growth.
Speaking at the event, Chief Minister Devendra Fadnavis said Maharashtra continues to lead India’s digital infrastructure expansion, with nearly sixty per cent of the country’s total data centre capacity located within the state. He emphasized that Maharashtra remains the preferred destination for technology-driven and infrastructure-related investments due to its strong industrial ecosystem and growth-oriented policies.
Fadnavis also expressed confidence in the successful completion of the Mumbai-Ahmedabad bullet train project, stating that it would help create one of India’s largest economic corridors and unlock significant economic opportunities across the region. Referring to the upcoming Wadhvan Port project, he said the port is expected to rank among the world’s ten largest ports and will substantially enhance transportation networks, export-import operations and industrial development.
The inauguration of Jabil’s new manufacturing facility marks another significant milestone in India’s expanding electronics and semiconductor sector. The announcements made during the event underscore the country’s growing position in global manufacturing, its commitment to technological self-reliance and its ambition to become a leading force in international electronics exports.
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