New Delhi: The government on Friday said deliberations were held with industry stakeholders on achieving the USD 150 billion electronics exports target by 2030.
Speaking at the Chintan Shivir, Commerce Secretary Rajesh Agrawal said that 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 observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing.
He 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,” it said.
Participants emphasised the importance of integrating MSMEs into global value chains, which account for nearly 90 per cent of global electronics trade, to enable them to scale as suppliers to large manufacturers.
