India’s electronics export value rises to Rs 81,948 cr in 2020-21 from Rs 39,980 cr in 2016-17 | India is blooming
New Delhi: India produced electronic goods worth Rs 5,54,461 crore in 2020-21 while electronic goods worth Rs 81,948 crore were exported during the period, said on Wednesday State Minister for Electronics and Computers Rajeev Chandrasekhar at Lok Sabha.
In 2019-20, production stood at Rs 5,33,550 crore while exports reached Rs 82,936 crore.
In 2018-2019, electronic goods worth Rs 4,58,006 crore were manufactured while the export value was Rs 61,908.
In 2016-17, the production stood at Rs 3,17,331 crore while it was Rs 3,88,306 crore in 2017-18. The export value of electronic products was Rs 39,980 crore in 2016-17 while it was Rs 41,220 crore in 2017-18.
The government wants to make India a major electronics design and manufacturing hub by broadening and deepening the electronics manufacturing ecosystem.
In order to boost the manufacturing of electronics products in the country and encourage large investments in the electronics value chain, several measures have been taken.
To promote the electronics manufacturing sector in the country, the National Electronics Policy 2019 has been notified to position India as a global hub for Electronic Systems Design and Manufacturing (ESDM) by encouraging and boosting the country’s capabilities for the development of core components, including chipsets, and creating an environment for the industry to compete globally.
To attract and encourage large investments in the electronics value chain and promote exports, the Production Linked Incentive Program (PLI) for large-scale electronics manufacturing, the Production Linked Incentive Program (PLI) for Computer Hardware, Semiconductor and Electronic Components Manufacturing Promotion Program (SPECS), Modified Electronics Manufacturing Clusters Scheme (EMC 2.0), Semiconductor Manufacturing Schemes and display have been notified.