Amit Khatri’s Vision for India Electronics Industry: Budget Expectations and the Road Ahead
India electronics industry stands at the threshold of unprecedented growth, with domestic production projected to touch $300 billion by 2026. This remarkable expansion, driven by initiatives like Make in India, Digital India, and Skill India, has solidified the sector’s pivotal role in the nation’s economic landscape. Amit Khatri, Co-Founder of Noise, envisions a transformative future for the industry, where targeted reforms and innovative strategies propel India into global leadership.
To sustain this trajectory, enhancing manufacturing capabilities must take center stage. The Production-Linked Incentive (PLI) scheme has already demonstrated its potential to attract investments, but expanding its reach can amplify its impact further. Moreover, reducing import dependencies and streamlining duties are critical steps that can strengthen the domestic supply chain. These measures will not only improve cost-efficiency but will also empower local manufacturers to compete effectively on the global stage.
India Electronics Industry: Bolstering Local Manufacturing with Strategic Partnerships
Local manufacturing has become the backbone of India’s electronics industry. For example, Noise’s collaboration with Amber highlights how strategic alliances can elevate domestic production capabilities. Such partnerships emphasize the importance of building robust infrastructure that supports component production, reduces reliance on imports, and fosters global partnerships. By investing in these areas, India can seamlessly integrate into the global value chain, gaining a competitive edge.
Amit Khatri believes that innovation serves as the catalyst for sustainable growth in the industry. Strategic investments in research and development (R&D) are imperative to spur advancements in technology. With R&D at the forefront, businesses can create cutting-edge solutions tailored to meet evolving consumer demands. For instance, Noise has consistently innovated to bring advanced smartwatches and wearable technologies to the market.
Innovation Ecosystem: The Path to Global Leadership for India Electronics Industry
Building an ecosystem that prioritizes innovation can enable India to achieve global leadership in electronics. This ecosystem must support entrepreneurs, facilitate knowledge sharing, and encourage investments in new technologies. It should also focus on countering inflationary pressures, which can otherwise stifle discretionary spending among consumers. By addressing these challenges, the industry can unlock its true potential and continue its growth trajectory.
The potential of technology to revolutionize sectors beyond electronics is immense. According to Amit Khatri, industries like finance and insurance stand to benefit significantly from technological integration. Smart wearables, such as Noise’s NCMC-enabled and Tap and Pay smartwatches, exemplify how technology can drive efficiency and enhance consumer convenience. These innovations seamlessly integrate critical sectors, accelerating the transition to a digital-first economy.
Strengthening the Digital Payments Ecosystem
India’s digital payments ecosystem has witnessed exponential growth, thanks to government initiatives and NPCI-led frameworks like UPI. However, increased government support is essential to further catalyze adoption and address gaps in digital infrastructure. Amit Khatri emphasizes that strengthening this ecosystem will not only benefit consumers but also create a ripple effect, driving growth across the electronics sector.
Government policies play a crucial role in shaping the industry’s future. Expanding incentives for manufacturers, streamlining regulatory processes, and fostering skill development can lay the foundation for a thriving ecosystem. These measures will encourage investments, enhance productivity, and ultimately position India as a global leader in electronics.
Bridging Gaps Through Policy Reforms
While the PLI scheme has shown success, it must evolve to accommodate the diverse needs of the electronics industry. Tailoring incentives to include emerging sectors, such as wearables and IoT devices, can unlock untapped potential. Additionally, reducing import duties on essential components will enable manufacturers to scale operations efficiently and competitively.
Equally important is fostering an environment conducive to global partnerships. By collaborating with international players, Indian manufacturers can gain access to advanced technologies, best practices, and global markets. These collaborations not only drive innovation but also establish India as a preferred destination for electronics manufacturing.
Addressing Consumer Needs and Encouraging Spending
The electronics industry thrives when it resonates with consumers. As inflation continues to impact purchasing power, measures to counter its effects are crucial. Encouraging discretionary spending through tax rebates, subsidies, and affordable financing options can drive demand for consumer electronics. Amit Khatri stresses that addressing these factors will ensure sustained growth and a vibrant marketplace.
Moreover, the government’s support for skill development initiatives can create a workforce equipped to meet the demands of a rapidly evolving industry. Programs under Skill India can bridge the talent gap, fostering a culture of innovation and excellence.
India Electronics Industry Driving Efficiency and Convenience with Technology
Noise’s focus on leveraging technology to enhance consumer experiences is a testament to the industry’s potential. Innovations like Tap and Pay smartwatches demonstrate how wearables can revolutionize daily life. These devices not only offer convenience but also contribute to the broader vision of a connected, digital-first society.
The integration of technology across sectors extends beyond consumer devices. Amit Khatri envisions a future where industries such as healthcare, education, and logistics benefit from advanced electronics solutions. These advancements can drive efficiency, reduce costs, and improve outcomes, creating a ripple effect across the economy.
The Road Ahead: Collaborative Growth
As India’s electronics industry continues to evolve, collaboration between the government, industry players, and consumers is essential. Amit Khatri’s vision underscores the importance of a unified approach to address challenges, seize opportunities, and drive sustainable growth.
From enhancing local manufacturing to fostering global partnerships, every step contributes to a stronger, more competitive industry. By prioritizing innovation, addressing consumer needs, and strengthening digital ecosystems, India can solidify its position as a global leader in electronics.

In conclusion, Amit Khatri’s insights highlight the immense potential of India’s electronics industry. With targeted reforms, strategic investments, and a focus on innovation, the industry is poised to achieve unparalleled success. The journey ahead may be challenging, but with collective efforts and a clear vision, India can transform into a global powerhouse in electronics manufacturing and innovation.