Electronics Export News Today

India is gaining market share in electronics exports, particularly in the UK and US. The government offers incentives to attract manufacturers, and companies like Samsung and Apple have manufacturing operations in India. This supports Prime Minister Narendra Modis Make in India plan.

Indias electronics exports to the US have more than doubled to $6.6 billion from January to September 2023, reaching an all-time high. The share of electronics imported from China into the US has decreased. The bilateral electronics trade between India and the US has also seen a significant increase. The Indo-US Task Force for Electronics aims to elevate Indias position in the US electronics market.

Indias electronics exports to the US have more than doubled to $6.6 billion from January to September 2023, reaching an all-time high. The share of electronics imported from China into the US has decreased. The bilateral electronics trade between India and the US has also seen a significant increase. The Indo-US Task Force for Electronics aims to elevate Indias position in the US electronics market.

Electronics Export: In 2023, sectors which are expected to register growth include, aviation turbine fuels, motor gasoline, smartphones, basmati rice, motor car-medium size, turbo-jets, and auto components. Smartphone exports are expected to jump by about 93 per cent to USD 14 billion during the current calendar year as against USD 7.2 billion in 2022.

Under PLI 2.0, the average incentive is 5% on net incremental sales of goods manufactured in India. The target segment under PLI 2.0 includes laptops, tablets, all-in-one PCs, servers and ultra-small form factor

In India, Tamil Nadu is in the top position as far as electronics export is concerned. The electronics export value of Tamil Nadu has increased to 5.37 billion USD (Indian rupee value – 44,044 crores).

Priyank Kharge said Tamil Nadu emerged as Indias leading electronic exporter, creating jobs, while Karnataka under the BJP focused on polarizing narratives. | Latest News India

The Minister said, while Karnataka was preoccupied with issues like Hijab and Jhatka-Halaal, and engaged in rampant corruption, TN emerged as India's leading exporter of electronics.