The government and Industry stakeholders have held discussions on achieving the $150 billion electronics exports target by 2030. Discussions took place during a Chintan Shivir attended by senior representatives from the Centre, state governments, industry and Export Promotion Councils to discuss opportunities and challenges facing the country's electronics sector.
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.
Agrawal observed that manufacturing for the domestic market requires a different policy approach than export-oriented production. According to him, the Chintan Shivir had been convened to facilitate constructive discussions and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders.
Besides, 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. Discussions also focused on harmonisation of HS Codes and closer coordination with Customs authorities to minimise product misclassification and facilitate smoother exports.
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