Electronics Exports Rose to ₹1.09 Lakh Crore in FY22

Electronics Exports Rose to ₹1.09 Lakh Crore in FY22

Electronics production in India increased to Rs 6.4 lakh crore in value terms and exports hit an all-time-high of Rs 1.09 lakh crore in 2021-22, Minister of State for Electronics and IT Rajeev Chandrasekhar said in a statement in the Parliament.

The electronics production in 2020-21 was over Rs 5.44 lakh crore and exports were Rs 81,822 crore based on the data sourced from industry associations and Directorate General of Commercial Intelligence and Statistics.

The minister said that the Centre’s goal is to broaden and deepen the country’s electronic manufacturing ecosystem. The National Policy on Electronics 2019 envisions positioning India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components such as chipsets, and creating an enabling environment for the industry to compete globally. To create this ecosystem, 333 companies have received direct benefit of various schemes and programmes under Make in India programme, he added.

In another statement given during a session with UAE minister Omar Sultan Al Olama at the India Global Forum in Dubai, Chandrasekhar said with more than 820 million internet users, the MoS for Electronics and IT said India has the largest presence on the global internet and deserves an opportunity to shape its own destiny. He said that the India stack has helped build trust between the government and its citizens.