In case India seeks to reduce its reliance on China for electronic goods, it can do so by increasing shipments from other countries, until indigenous production of these items picks up, MVIRDC World Trade Center Mumbai said on Monday.
Mumbai: Accordingly, the trade organisation said there is a tremendous potential for electronic manufacturing in India.
The country’s total electronic goods production grew to Rs 5.33 lakh cr in 2019-20 from Rs 1.73 lakh cr in 2013-14. These electronic goods include consumer electronics, computer hardware and mobile phones
The Centre has introduced many programmes, including production linked incentives, Electronic Manufacturing Clusters, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors and M-SIPS to promote indigenous manufacturing of electronic goods.
“Until such time these schemes result in increase in domestic production, India can diversify its imports of electronic goods away from China,” it said in a statement.
“For instance, India can source integrated circuits from Singapore, US, Malaysia and Japan, which are also prominent exporters of these goods besides China. India can increase its import of colour TV sets from Malaysia, Vietnam, Singapore and USA, that are the other top suppliers of this product after China.”
The country’s total electronic goods production grew to Rs 5.33 lakh cr in 2019-20 from Rs 1.73 lakh cr in 2013-14. These electronic goods include consumer electronics, computer hardware and mobile phones
The Centre has introduced many programmes, including production linked incentives, Electronic Manufacturing Clusters, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors and M-SIPS to promote indigenous manufacturing of electronic goods.
“Until such time these schemes result in increase in domestic production, India can diversify its imports of electronic goods away from China,” it said in a statement.
“For instance, India can source integrated circuits from Singapore, US, Malaysia and Japan, which are also prominent exporters of these goods besides China. India can increase its import of colour TV sets from Malaysia, Vietnam, Singapore and USA, that are the other top suppliers of this product after China.”