The Department of Commerce, Ministry of Commerce & Industry in collaboration with key industry councils organized a Chintan Shivir in New Delhi to address India's electronics manufacturing landscape. According to reports from CNBC TV18, the initiative brought together the Mobile and Electronic Devices Export Promotion Council (MEDEPC), the Electronics and Computer Software Export Promotion Council (ESC), and the Telecom Equipment and Services Export Promotion Council (TEPC) to deliberate on strengthening the country's global competitiveness in electronics manufacturing. As reported by Rediff Moneynews, the forum provided an important platform for deliberations on opportunities and challenges facing India's electronics sector as it seeks to deepen its integration with global value chains and accelerate export-led growth.
The Chintan Shivir has set an ambitious target of achieving $150 billion in electronics exports by 2030. As reported by CNBC TV18, this represents a significant milestone for India's electronics manufacturing sector, positioning the country as a major player in the global electronics supply chain. The current value of India's electronic manufacturing market is valued at $120 billion to $150 billion, with the government aiming to achieve a target of $500 billion by FY30. The initiative comes at a time when the global electronics industry is increasingly being driven by global value chains (GVCs), requiring strategic policy frameworks to attract and retain these value chains in India. According to Rediff Moneynews, the Chintan Shivir featured presentations on India's roadmap to achieving USD 150 billion in electronics exports by 2030, emphasizing the importance of this target for the country's electronics sector.
Commerce Secretary Rajesh Agrawal emphasized the critical need for India's policy framework to provide predictability and stability required for global value chains to expand their presence in the country. According to reports from Business Standard, he observed that policy approaches for production aimed at the domestic market may differ from those needed to promote export-oriented manufacturing. As reported by CNBC TV18, this policy approach is essential for attracting and retaining electronics manufacturing investments, particularly as the industry becomes increasingly integrated into global supply chains. As reported by Rediff Moneynews, Commerce Secretary Rajesh 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 while strengthening India's position as a globally competitive electronics manufacturing and export hub.
The forum witnessed active participation from leading industry stakeholders across the electronics value chain, including Apple, Samsung, Amber Enterprises, Dixon Technologies, Micromax, Tata Electronics, Aequs, Foxconn, and boAt. According to Rediff Moneynews, 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. The deliberations also focused on harmonisation of HS Codes and closer coordination with Customs authorities to minimise product misclassification and facilitate smoother exports. Recent developments include Dixon Technologies and Vivo Mobile India Private ltd entering into a term sheet to form a joint venture for original equipment manufacturing business of electronic devices including smartphones, highlighting the capabilities and expertise of Indian electronics manufacturers.
