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"As a result of several initiatives taken by the Government and efforts of the industry, the domestic production of electronic goods has increased substantially from Rs 3.88 lakh crore (USD 60 Billion) in 2017-18 to Rs 8.25 lakh crore in 2022-23 (USD 101.9 billion) at a Compound Annual Growth Rate (CAGR) of 16.28 per cent," the minister said.
Indigenous production of electronic goods in the country more than doubled to Rs 8.25 lakh crore in 2022-23 from Rs 3.88 lakh crore in 2017-18, Parliament was informed on Wednesday.
On August 3, the government said importers of these goods have to seek licence/permission from Directorate General of Foreign Trade (DGFT) for imports.
On August 3, the government said importers of these goods have to seek licence/permission from Directorate General of Foreign Trade (DGFT) for imports.
One way is announcing objective criteria that will constitute the basis for the grant of licence, said Global Trade Research Initiative co-founder Ajay Srivastava