India Must Deepen Local Electronics Manufacturing To Cut Imports & Sustain Exports: Piyush Goyal

ENA Sectors 2025-10-30 17:27:03 New Delhi, Oct 30 (KNN) Addressing the 4th Annual General Meeting (AGM) of the Mobile and Electronic Devices Export Promotion Council (MEDEPC) at Vanijya Bhawan in New Delhi on Wednesday, Commerce and Industry Minister Piyush Goyal emphasised the need to strengthen domestic capabilities across the electronics value chain. He stressed that greater self-reliance in both finished products and components will be vital to sustaining export growth and reducing import dependence. The event brought together senior officials from the Ministry of Commerce and Industry, the Directorate General of Foreign Trade (DGFT), and key industry stakeholders from Indias electronics and mobile export sector. Indias electronics manufacturing sector has recorded strong export performance. Electronics exports rose 41.9 percent to USD 22.2 billion during April September 2025, up from USD 15.6 billion in the same period last year. Smartphone exports registered a 58 percent increase, reaching USD 13.38 billion compared to USD 8.47 billion in April September 2024. For FY 2024 25, electronics exports stood at USD 38.6 billion, a 32.6 percent year-on-year increase. India is now the worlds third-largest smartphone exporter. Officials noted that rising domestic sourcing of key components — including batteries, chargers, camera modules, and display units — is strengthening value addition and reinforcing Indias position in global value chains amid supply-chain realignments. The government highlighted its ongoing efforts to streamline trade processes through customs automation, single-window clearances, and export facilitation mechanisms at major ports and industrial clusters. Progress in Free Trade Agreement (FTA) negotiations with the EU, UK, and EFTA is also expected to widen market access for Indian electronics. Discussions at the AGM focused on Indias target of achieving USD 180 200 billion in electronics exports by 2031, with emphasis on consistent policy support, robust logistics and infrastructure, clean energy integration, and close industry-government collaboration. MEDEPC reiterated its commitment to advancing the industrys export objectives by addressing policy challenges, supporting exporters, and enhancing Indias competitiveness in the global electronics market. (KNN Bureau) 43938 https://knnindia.co.in/news/newsdetails/sectors/india-must-deepen-local-electronics-manufacturing-to-cut-imports-sustain-exports-piyush-goyal 2025-10-30 17:27:03 knnindia.co.in India Must Deepen Local Electronics Manufacturing To Cut Imports & Sustain Exports: Piyush Goyal