Shares of electronic manufacturing companies surged up to 6 per cent after Finance Minister Nirmala Sitharaman proposed increasing the electronics manufacturing outlay to ₹40,000 crore for 2026–27 in the Union Budget.

On the BSE, Syrma SGS Technology rose 5.95% to Rs. 806.35, Dixon Technologies gained 4.21% to Rs. 10,885, and Kaynes Technology India climbed 3.82% to Rs. 3,608. PG Electroplast advanced 2.59% to Rs. 561.75, DCX Systems rose 2.06% to Rs. 180.95, while Cyient DLM added 1.04% to Rs. 379.70.

Presenting the Budget, Sitharaman also announced the establishment of two high-tech tool rooms to strengthen capital goods manufacturing, aligning with the government’s push to expand domestic electronics production.

The mobile manufacturing sector has recorded rapid growth, with production value rising nearly 30-fold from Rs. 18,000 crore in FY15 to Rs. 5.45 lakh crore in FY25. iPhone exports from India touched Rs. 2.03 lakh crore in 2025, almost double the Rs. 1.1 lakh crore recorded in 2024.

Mobile phone production is projected to reach Rs. 6.76 lakh crore by the end of the current fiscal, including exports exceeding USD 30 billion (about Rs. 2.7 lakh crore). As of August 2025, the government has approved 10 semiconductor manufacturing and packaging projects across six states, involving cumulative investments of around Rs. 1.6 lakh crore.