India's PC Exports Soar: UAE, Russia Top Markets

By By Rediff Money Desk, New Delhi
Oct 17, 2024 19:14
India's personal computer exports, including laptops, have surged during April-August, with the UAE and Russia emerging as key markets. Growth driven by PLI scheme and ease of doing business.
Photograph: Francis Mascarenhas/Reuters
New Delhi, Oct 17 (PTI) After smartphones, exports of personal computers including laptops have emerged as a key electronic item shipments from India during April-August this fiscal, according to the commerce ministry data.

The exports of personal computers have recorded healthy growth in five destinations- the UAE, Russia, Bangladesh, the US, and Sri Lanka.

The exports of laptops to the top five markets - increased to USD 102.6 million in April-August from just USD 37 million in the same period of the previous year, the data showed.

The government's support to personal computer manufacturing through Production Linked Incentive (PLI) and other measures like ease of doing business have supported this growth.

The biggest market for laptops, palmtops and handhelds is the United Arab Emirates (UAE) which imported USD 64 million worth of these devices in the first five months of the current fiscal. Last year during the same period exports were USD 29.7 million.

The exports to Russia increased to USD 20.4 million in April-August from USD 4.4 million in the same period of last year.

Other markets for PCs from India are Bangladesh (USD 7.7 million), Sri Lanka (USD 5.6 million) and US (USD 3.7 million) during the period under review.

Further the data showed that the exports of printed circuit boards (PCBs) have gone up by 76 percent to USD 12.76 million in April-August.

France is the biggest buyer of PCB's from India at USD 3.54 million, Israel at USD 3.31 million and Italy at USD 1.64 million.

Smartphones continued to be the top export good in the electronic segment.

These exports stood at USD 5.1 billion in April-August to the top five markets, which is 59 per cent more than what was shipped in the same period of last year.

For smartphones, the US was the biggest market with shipments of USD 2.88 billion, followed by the Netherlands at USD 833 million, the UK at USD 517 million, Italy (USD 449 million), and Austria (USD 421 million).
Source: PTI
Read More On:
indiapliusrussiabangladeshelectronics exportsproduction linked incentiveuaesmartphone exportssri lankaprinted circuit boardslaptop exportspcbspersonal computer exports
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

DGCA Fines Akasa Air Rs 30 Lakh for Training...

India's aviation regulator DGCA has fined Akasa Air Rs 30 lakh for lapses in crew...

DCW Doubles CPVC Production Capacity with Rs...

DCW, a specialty chemicals company, is investing Rs 140 crore to double its CPVC...

Prestige Estates Q2 Sales Bookings Down 43% - PTI

Prestige Estates Projects Ltd reported a 43% decline in sales bookings to Rs 4,022.6...

BYJU'S Founder Offers to Repay Lenders Before...

BYJU'S founder Byju Raveendran says he's willing to pay back lenders before taking any...

Fortified Rice Safe for All: India's Food Ministry

India's Food Ministry confirms fortified rice is safe for all, including those with...

Revised I-T Offence Compounding Guidelines:...

Income Tax Department issues revised guidelines for compounding offences, simplifying...

Data Entry & Exit Rules Needed for Telecom...

COAI urges the Indian government to implement data entry and exit rules for telecom...

Infosys Honors Ratan Tata at Q2 Earnings Call

Infosys began its Q2 earnings call with a tribute to Ratan Tata, sharing memories of...

Gold ETF Inflows Surge Ahead of Dhanteras: ICRA...

Gold ETF inflows have surged in 2024, driven by rising gold prices and investor...

Zomato Board to Consider QIP Fundraising on...

Zomato's board will consider raising funds via QIP on October 22, 2024, as announced in...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com