Hyderabad, July 19 -- India's electronics exports have surged past the USD 40 billion mark, representing an eight-fold increase over the past 11 years, Union Minister for Electronics and Information Technology Ashwini Vaishnaw announced on Saturday.

Speaking at the 14th Convocation of IIT Hyderabad, the Minister credited this growth to consistent policy focus and technological advancements, noting that electronics manufacturing in the country has grown six-fold during the same period.

Minister Vaishnaw also confirmed that the country's first commercially manufactured indigenous semiconductor chip will be rolled out later this year.

He reaffirmed India's ambition to become one of the top five semiconductor-producing nations globally, ci...