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Govt's new schemes to focus on promoting exports of electronics: IT Secy

Press Trust of India  |  New Delhi 

New schemes introduced by the government will focus not only on of in India, but also positioning the country as an export hub, a top government said Monday.

Speaking at MAIT's Summit 2019, and said there has been a "widening and deepening" of the electronics ecosystem in the country.

He added that apart from various brands coming to the country to set up manufacturing base, their partners have also started participating.

"I think we have to focus not just on manufacturing, this time we have to focus on exports. Many of our new policies that will replace the schemes that have run the course, they will focus on exports, we will focus on bringing in partners..." he said.

The said many multi-national companies are already using their Indian outfits for design and R&D of new products and services, and with electronics manufacturing ecosystem now growing strongly, there is a "tremendous opportunity".

"It is important for us to not just manufacture, but to be a part of the global ecosystem... It's important to not just assemble in but how well we are integrated with the global and what can we do to move this," Sawhney said.

said India's demand for has grown tremendously in the recent past, leading to an increase in import.

"Despite the demand, manufacturing in has been limited to assembly of components. Currently, domestic value addition in electronics manufacturing is far less than the global average," he said adding that reforms like 'Make in India' will help the nation in becoming the hub for the global

During the event, Coconics -- a public-private company set up in by UST Global, KELTRON, KSIDC and (an Maker Lab accelerated startup) -- unveiled its range of laptops designed in

The laptops, to be manufactured in India, will cater to the varied requirements of governments, enterprises and educational institutions.

Coconics said it expects its products, which will be competitively priced, to be available for distribution by the second quarter of 2019.

Coconics has a in Monvila on the outskirts of Thiruvananthapuram, which has a capacity to manufacture 2.5 lakh laptops.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 14:05 IST
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