Prioritising export growth must to reach $500 bn electronics manufacturing by FY30: Industry ...Middle East

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Prioritising export growth must to reach $500 bn electronics manufacturing by FY30: Industry
New Delhi:  To achieve the goal of $500 billion local electronics manufacturing by FY30, the industry must prioritise export growth to emerge as one of the top three global exporters in this domain by 2030, industry players said on Saturday. The electronics industry is growing at a rapid pace owing to multiple production-linked incentive (PLI) schemes. The country witnessed rapid growth in electronics manufacturing – from Rs 1.9 lakh crore in 2014-15 to Rs 9.52 lakh crore in production in 2023-24 (with an annual compounded growth rate of 17.4 per cent) and 22.7 per cent export growth. Exports in the electronics manufacturing sector rose substantially from about Rs 38,263 crore in 2014-15 to

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