Page 21 - CIJ Dec 2023 - Digital Edition

Cover Story

Challenges & Barriers for this transformation. The
role of academia in research
Despite these efforts, and development, particularly
the pursuit of sustainable in sustainable technologies,
electronics manufacturing in is vital. Industry players are India’s electronics sector,
India faces technical, financial, increasingly recognizing expanding from $37.1
and regulatory challenges. the strategic advantage billion in 2015-16 to $67.3
Establishing a sustainable of sustainable practices,
manufacturing infrastructure leading to a greater emphasis billion in 2020-21, is not
requires substantial capital, and on eco-friendly materials, just growing rapidly
the complexity of establishing energy efficiency, and waste but is also steering
a complete semiconductor management. towards a sustainable
manufacturing ecosystem future, reflecting a
presents hesitancy among The Indian electronics
potential investors. Navigating manufacturing industry, poised balance between
the regulatory landscape and for substantial growth, is at a economic growth
building a domestic value crossroads where sustainability and environmental
chain from scratch involves is not just an option but a stewardship.”
overcoming infrastructural and necessity. The transition to
logistical challenges. sustainable manufacturing
practices aligns with global
environmental goals and offers
Road Ahead significant economic benefits.
As India’s electronics As the industry continues to
sector rapidly evolves, it is innovate and adapt, India is
uniquely positioned to lead in well-positioned to become a
sustainable manufacturing. The global leader in sustainable
government’s ambitious target electronics manufacturing,
of achieving a $300 billion setting an example for the
sector by 2026, complemented rest of the world in balancing
by initiatives like the PLI economic growth with
scheme, is setting the pace environmental stewardship.

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