India''s $150B Electronics Exports Target: Govt & Industry Meet
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Govt & industry brainstormed strategies for India''s USD 150 billion electronics exports target by 2030, emphasizing global value chains & policy framework.
Illustration: Uttam Ghosh/Rediff.com
New Delhi, Jul 10 (PTI) The government on Friday said deliberations were held with industry stakeholders on achieving the USD 150 billion electronics exports target by 2030.
Speaking at the Chintan Shivir, Commerce Secretary Rajesh Agrawal said that the global electronics industry is increasingly driven by global value chains, and India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country.
He observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing.
He added that the Chintan Shivir had been convened to facilitate constructive dialogue and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders.
"The Chintan Shivir featured presentations on India's roadmap to achieving USD 150 billion in electronics exports by 2030," it said.
Participants emphasised the importance of integrating MSMEs into global value chains, which account for nearly 90 per cent of global electronics trade, to enable them to scale as suppliers to large manufacturers.
Deliberations also focused on harmonisation of HS Codes and closer coordination with Customs authorities to minimise product misclassification and facilitate smoother exports, the ministry said.
Besides commerce ministry officials, senior representatives from the Government of India, State Governments, industry and Export Promotion Councils also participated in the deliberations.
The forum provided an important platform for deliberations on opportunities and challenges facing India's electronics sector as it seeks to deepen its integration with global value chains and accelerate export-led growth.
The discussions also witnessed active participation from leading industry stakeholders across the electronics value chain, including Apple, Samsung, Amber Enterprises, Dixon Technologies, Micromax, Tata Electronics, Aequs, Foxconn, and boAt.
Speaking at the Chintan Shivir, Commerce Secretary Rajesh Agrawal said that the global electronics industry is increasingly driven by global value chains, and India's policy framework must provide the predictability and stability required for these value chains to expand their presence in the country.
He observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing.
He added that the Chintan Shivir had been convened to facilitate constructive dialogue and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders.
"The Chintan Shivir featured presentations on India's roadmap to achieving USD 150 billion in electronics exports by 2030," it said.
Participants emphasised the importance of integrating MSMEs into global value chains, which account for nearly 90 per cent of global electronics trade, to enable them to scale as suppliers to large manufacturers.
Deliberations also focused on harmonisation of HS Codes and closer coordination with Customs authorities to minimise product misclassification and facilitate smoother exports, the ministry said.
Besides commerce ministry officials, senior representatives from the Government of India, State Governments, industry and Export Promotion Councils also participated in the deliberations.
The forum provided an important platform for deliberations on opportunities and challenges facing India's electronics sector as it seeks to deepen its integration with global value chains and accelerate export-led growth.
The discussions also witnessed active participation from leading industry stakeholders across the electronics value chain, including Apple, Samsung, Amber Enterprises, Dixon Technologies, Micromax, Tata Electronics, Aequs, Foxconn, and boAt.
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