SIGN IN SUBSCRIBE

News Update

PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC
 
NITI Aayog to release Report on 'Electronics: Powering India's participation in Global Value Chains'

By TIOL News Service

NEW DELHI, JULY 18, 2024: NITI Aayog will unveil its report titled "Electronics: Powering India's Participation in Global Value Chains" tomorrow on 18 July, 2024. This report is the outcome of extensive analysis of India's electronics sector including its scopes and challenges. The report lays down the roadmap for the country to become a global manufacturing hub in electronics manufacturing.

In the current scenario, 70% of international trade comprises Global Value Chain (GVC) items emphasizing the critical need for India to enhance its GVC participation. This can be achieved by prioritizing sectors such as electronics, semiconductors, automobiles, chemicals, and pharmaceuticals, which play a significant role in the GVC landscape. Within GVCs, the electronics sector holds a significant position as nearly 80% of electronics exports come from GVCs.

In the financial year 2023, India's electronics sector recorded a significant value of exports, contributing a considerable share of 5.32% to India's total merchandise exports. The sector's export performance highlights its competitiveness in the global market and its ability to capitalize on international demand. It has also enhanced India's position in the global electronics landscape. The electronics sector is very high in terms of GVC participation. It is not confined to a particular country or economy and is spread across several geographies and firms.

Presently, India's electronics manufacturing primarily involves the final assembly of electronic goods. While brands and design firms have started increasingly outsourcing assembly, testing, and packaging tasks to Electronic Manufacturing Services (EMS) companies in India, the ecosystem for design and component manufacturing is at a nascent stage.

The manufacturing sector will play a crucial role in India's journey towards becoming Viksit Bharat. It can be achieved by accelerating Make-in-India by engaging in Global Value Chains. With this perspective, NITI Aayog will release a comprehensive report on the subject suggesting a roadmap for country for becoming manufacturing powerhouse in the electronics sector.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST