New Delhi, April 10 -- With the new electronic components manufacturing policy "in place", India's electronic manufacturing will see a value addition of 40 to 50 per cent from the current 15-16 per cent, said a report by Axis Capital.

"We expect value addition to increase to 40/ 50 per cent from the current 15/ 16 per cent, with a components policy now in place". said the report

The Ministry of Electronics and Information Technology (MeitY), on April 8, notified the Electronics Components Manufacturing Scheme, marking a significant step towards strengthening India's position as a global hub for electronics manufacturing.

According to the Axis report, India is the second-largest mobile phone producer in the world, with 99 per cent of mo...