Piyush Goyal Sets USD 100 Bn Export Target For India’s Electronics Industry At ELECRAMA 2025

New Delhi, Feb 25 (KNN) Commerce and Industry Minister Piyush Goyal has challenged the Indian electronics and electrical industry to significantly scale up exports to USD 100 billion within the next 5-7 years, highlighting the sector's remarkable growth trajectory over recent years.

Speaking at the 16th Edition of ELECRAMA organised by the Indian Electrical And Electronics Manufacturers’ Association (IEEMA), Goyal emphasised the dramatic improvement in India's global standing in electronic goods exports. 

He noted that the sector has risen to become the country's second-ranked export category, a substantial improvement from its 167th position in 2015.

The minister cited January's electronic goods export volume of USD 3 billion as evidence of the industry's growing strength and potential for further expansion. This achievement underscores the sector's increasing competitiveness in global markets.

Goyal outlined several strategic imperatives for the industry to sustain and accelerate this growth. He called for collaborative efforts to develop more resilient supply chains, enhance quality standards, and deliver high-quality products and services to global markets at competitive rates. 

The minister specifically urged industry stakeholders to work together to strengthen competitive advantages in the manufacturing sector.

In his address, Goyal emphasised the industry's responsibility toward consumers, stressing the importance of providing better deals and value. 

He cautioned against excessive protectionism, warning that such measures ultimately harm consumer interests. The minister advocated for a balanced approach that considers both industry needs, particularly those of the MSME sector, and consumer welfare.

The Commerce Minister's ambitious export target reflects the government's confidence in the electronics and electrical industry's potential to significantly contribute to India's export growth and economic development in the coming years, positioning the sector as a key driver in the country's manufacturing landscape.

(KNN Bureau)