In order to boost export-oriented electronics manufacturing in India, the IT Ministry may finalise a package of measures as early as June this year. These set of measures, that are expected to precede the new overarching national electronics policy currently being crafted, will aim at improving the ease of doing business and removing impediments faced by companies in exporting to overseas markets.
One of the proposals under discussion pertains to streamlining the procedure and increasing the timelines allowed to exporters to bring in for servicing or repair an electronics product that has been sold. The idea behind such a step up in making packages is to give competitiveness to the manufacturers, in not only producing items for the domestic market, but also for exports in major markets globally.
The Ministry is of the view that the best and sustainable way to grow electronics exports is to raise competitiveness of manufacturers. So, the package of measures being worked out will look at addressing the various issues that are hurting competitiveness. Currently, India exports electronic products worth $6.5 billion in a year, and this is the segment which is growing at a faster rate to export $10 billion at the earliest.