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With the EU and US planning import duty hikes on Chinese electric vehicles, India is preparing to prevent the EVs and their batteries from flooding the domestic market and hurting Indian companies and industry
Tata Electronics Chairman Banmali Agrawala: “The global trade in manufacturing is $15 trillion plus, whereas services is $7 trillion; manufacturing is more than twice the size of services. Our share in the global trade in manufacturing is negligible, so there is ample room for growth.
Get latest articles and stories on Latest News at LatestLY. India has slowed down on the manufacturing front and needs to double down on electronics manufacturing services (EMS)-designing, manufacturing, testing components and assemblies for original equipment manufacturers, Tata Electronics Chairman Banmali Agrawala said. Latest News | India Needs to Double Down on Electronics Manufacturing: Tata Electronics Chairman.
Tata Electronics Chairman Banmali Agrawala advocates for India to focus on electronics manufacturing services, emphasizing the need to enhance infrastructure, quality of services, and seize opportunities presented by global trade and the presence of multinationals.
In its report, done in collaboration with the Foundation for Economic Development, the Aayog has proposed a series of measures including boosting e-commerce exports, creating a comprehensive trade portal, promoting ease of merchandise exports, improving access to export finance and creation of one stop information channel for exporters.