Electronic items exports: India’s digital items exports surge 42% to Rs 1.17 lakh crore within the final fiscal: Government

Electronic items exports: India’s digital items exports surge 42% to Rs 1.17 lakh crore within the final fiscal: Government

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Nation’s digital items exports surged about 42 per cent to just about Rs 1.17 lakh crore within the final fiscal, authorities knowledgeable Parliament at this time. The nation has witnessed an enormous bounce in each manufacturing and exports of digital items within the final 5 years, Minister of state for electronics and IT Rajeev Chandrasekhar mentioned in a written reply to the Lok Sabha.

“The export of digital items has considerably elevated within the interval 2017-18 to 2021-22 with a compound annual progress charge of 29 per cent whereas the manufacturing has grown with a compound annual progress charge of 17.9 per cent,” he mentioned.

As per the info shared by the federal government in Lok Sabha, India’s electronics export was Rs 81,822 crore in 2020-21, which surged to Rs 1,16,894 crore in 2021-22. Equally the electronics manufacturing within the nation additionally grew from Rs 5,33,550 crore in 2019-20 to Rs 5,54,461 crore in 2020-21 .

The minister additionally shared particulars of varied schemes, together with a production-link incentive scheme for large-scale electronics manufacturing, a part manufacturing programme, an digital growth fund and many others.

He mentioned that 314 candidates value Rs 86,912 crore of investments and dedicated incentives of Rs 9,544 crore have been accredited until now. Incentives amounting to Rs 1,781.02 crore have been disbursed. Out of 314 items accredited, 271 items have invested Rs 31,416 crore and 233 items have began manufacturing, he added.

The minister mentioned that the federal government has dedicated Rs 409 crore funds by electronics growth, which goals to foster analysis and growth and innovation in expertise sectors.

“Rs 409 crore has been dedicated by EDF (Electronics Improvement Fund) to 9 Daughter Funds with a focused corpus of Rs 2,626 crore. Until date, EDF has invested Rs 236.48 crore in 8 Daughter funds with direct employment era of 18,500,” Chandrasekhar mentioned.


(Inputs from PTI)

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