In light of the global electronics industry increasingly influenced by international value chains, Commerce Secretary Rajesh Agrawal emphasized that India’s policy framework needs to deliver the predictability and stability essential for these value chains to grow within the country.
He pointed out that strategies for domestic market production may differ from those intended for export-driven manufacturing, urging the need for tangible, balanced, and actionable policy recommendations that are fair to all stakeholders, to bolster India’s role as a leading global hub for electronics manufacturing and exports.
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Participants from the electronics value chain included major companies such as Apple, Samsung, Amber Enterprises, Dixon Technologies, Micromax, Tata Electronics, Syrma SGS Technology, Bora Exim, Aequs, Foxconn, boAt, along with various other manufacturers, exporters, and industry associations.
The Chintan Shivir showcased discussions on India’s strategy to achieve $150 billion in electronics exports by 2030, as well as initiatives to enhance the nation’s semiconductor and electronics components ecosystem.
India’s electronics exports reached nearly $48 billion in FY 2025-26, marking a 24.7% increase from the previous fiscal year. The presentations emphasized sector-specific export opportunities in areas like smartphones, servers, specialty electronics, and components, while illustrating the significance of global value chains (GVCs), supply chain resilience, and targeted policy measures in establishing India as a competitive electronics manufacturing and export hub.
Participants highlighted the importance of integrating MSMEs into global value chains, which represent nearly 90% of global electronics trade, enabling them to scale as suppliers to larger manufacturers.
Discussions also revolved around the harmonization of HS Codes and enhancing coordination with Customs authorities to reduce product misclassification and streamline exports. Key areas for policy interventions aimed at improving India’s export competitiveness were identified.
The Department of Commerce stated that maintaining India’s export momentum in electronics will necessitate competitive manufacturing along with targeted marketing strategies to elevate the visibility and acceptance of Indian products in key international markets. They recommended that the Indian Institute of Foreign Trade (IIFT) create training programs for exporters, noting that industry input would be crucial in refining the curriculum to enhance understanding of trade agreements, market access opportunities, and the evolving demands in global markets.
