Government holds talks with industry on USD 150 billion electronics exports goal

The government on Friday said it held discussions with industry stakeholders on ways to achieve the USD 150 billion electronics exports target by 2030.

Speaking at the Chintan Shivir, Commerce Secretary Rajesh Agrawal said 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.

He said policy approaches for production aimed at the domestic market may differ from those required to promote export-oriented manufacturing.

Agrawal added that the Chintan Shivir had been convened to facilitate constructive dialogue and develop tangible, balanced and actionable policy recommendations that are equitable for all stakeholders.

“The Chintan Shivir featured presentations on India’s roadmap to achieving USD 150 billion in electronics exports by 2030,” the government said.

Participants highlighted the importance of integrating MSMEs into global value chains, which account for nearly 90 per cent of global electronics trade, to help them scale up as suppliers to large manufacturers.

According to the ministry, the deliberations also focused on the harmonisation of HS Codes and closer coordination with Customs authorities to minimise product misclassification and facilitate smoother exports.

The discussions were attended by commerce ministry officials, senior representatives from the Government of India, state governments, industry and Export Promotion Councils.

The forum served as a platform to discuss the opportunities and challenges facing India’s electronics sector as it seeks to deepen integration with global value chains and accelerate export-led growth.

Leading industry stakeholders across the electronics value chain also participated in the discussions, including Apple, Samsung, Amber Enterprises, Dixon Technologies, Micromax, Tata Electronics, Aequs, Foxconn and boAt.