Electronics imports up by 26% due to influx of Chinese products
Aamir H Kaki The influx of cheap electronics products from China has led to an increase in imports of these products in India in the month of January. As per estimates of Ministry of Commerce, imports of electronics increased by 26% to Rs.26,757.59 crore in January, compared to Rs.21,220 crore in the same month last year. However, the exports of electronics fell by 10% to Rs.3,162.73 crore against the Rs.3,526.13 in the corresponding period a year ago, the data revealed. Commenting on the figures, Vishwas Agarwal, Head - International Business, Intex Technologies told The Dollar Business Bureau, “The reason for this data surely is the advent of the new Chinese companies that have come to India. Now many of the Chinese companies have ...
MSME participation key to strengthen local value addition for electronics industry
Sai Nikesh | The Dollar Business In a move to boost electronic products manufacturing in India, Government of India has extended the 'Modified Special Incentive Package Scheme' (MSIPS) by five years, besides including 15 new product categories under the scheme. A decision in this regard was said to have been taken at a Cabinet meeting to promote 'Make In India' and 'Digital India' initiatives, chaired by Prime Minister Narendra Modi, on Tuesday. Extension of the scheme is being seen as a big boost to the electronic manufacturing in the country and was welcomed by the apex body of electronic industries. “All stakeholders, domestic and global from the electronics manufacturing industry have been watching this policy keenly as it has played a ...
