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Time of India
11 hours ago
- Business
- Time of India
India's non-smartphone electronics exports cross $14 billion mark in FY24-25
India's non-smartphone electronics exports have crossed the USD 14 billion mark in FY 2024-25, contributing to an overall electronics export of USD 38.57 billion, a 32.47 per cent jump from the previous year, according to the Electronics and Computer Software Export Promotion Council (ESC). While smartphones remain a key driver of exports, the surge in non-smartphone categories has been the real story. Solar panels, telecom equipment, medical electronics, batteries, and digital processing units have all contributed significantly. Photovoltaic cells alone earned USD 1.12 billion, telecom equipment and parts added USD 1.4 billion, while rectifiers, inverters, and chargers together surpassed USD 2.5 billion. Medical electronics generated USD 0.4 billion, and PCs and digital processing units added another USD 0.81 billion. Electronics now make up 9 per cent of India's total merchandise exports, up from 6.73 per cent last year, highlighting the sector's growing role in the country's economic and trade ambitions. The ESC called this milestone a "strategic inflection point" for India's technology industry. "This is more than a number, it's a statement of resilience, innovation, and global ambition," said Sandeep Narula, chairman - global outreach, ESC. He added that Indian exporters had shown "remarkable agility and foresight" in navigating tariff pressures and shifting global trade dynamics. Exports have also been driven by strong state-level performances. Tamil Nadu topped the list with USD 14.65 billion in electronics exports, followed by Karnataka with USD 7.8 billion, Uttar Pradesh with USD 5.26 billion, Maharashtra with USD 3.5 billion, and Gujarat with USD 1.85 billion. Live Events "Complementing this momentum is India's rapidly evolving semiconductor ecosystem, which is poised to become a cornerstone of the country's tech ambitions," said Vinod Sharma, chairman - electronics, ESC. He noted the government's approval of four new chip-making units in Odisha, Punjab, and Andhra Pradesh worth Rs. 4,600 crore, alongside earlier mega projects such as Micron's Rs. 22,516 crore ATMP facility in Gujarat and Tata Electronics' Rs. 91,000 crore fab in Dholera. The ESC also highlighted the launch of the Electronic Component Manufacturing Scheme (ECMS), aimed at strengthening domestic component supply chains and reducing import dependence. The initiative, long-awaited by the industry, is expected to deepen India's manufacturing base. "This is not a flash in the pan, it's a structural shift," said Gurmeet Singh, executive director, ESC. He added that with the current trajectory, India is on track to achieve its USD 200 billion electronics export target by 2030. The achievement, ESC said, reflects the combined effect of production-linked incentives, duty rationalization, skilling programs, and targeted support for small and medium enterprises.
Time of India
12 hours ago
- Business
- Time of India
India's non-smartphone electronics exports cross $14 billion mark in FY24-25
New Delhi: India's non-smartphone electronics exports have crossed the $14 billion mark in FY 2024-25, contributing to an overall electronics export of $38.57 billion, a 32.47% jump from the previous year, according to the Electronics and Computer Software Export Promotion Council (ESC). While smartphones remain a key driver of exports, the surge in non-smartphone categories has been the real story. Solar panels, telecom equipment, medical electronics, batteries, and digital processing units have all contributed significantly. Photovoltaic cells alone earned $1.12 billion, telecom equipment and parts added $1.4 billion, while rectifiers, inverters, and chargers together surpassed $2.5 billion. Medical electronics generated $0.4 billion, and PCs and digital processing units added another $0.81 billion. Electronics now make up 9% of India's total merchandise exports, up from 6.73% last year, highlighting the sector's growing role in the country's economic and trade ambitions. The ESC called this milestone a "strategic inflection point" for India's technology industry. "This is more than a number, it's a statement of resilience, innovation, and global ambition," said Sandeep Narula, chairman - global outreach, ESC. He added that Indian exporters had shown "remarkable agility and foresight" in navigating tariff pressures and shifting global trade dynamics. Exports have also been driven by strong state-level performances. Tamil Nadu topped the list with $14.65 billion in electronics exports, followed by Karnataka with $7.8 billion, Uttar Pradesh with $5.26 billion, Maharashtra with $3.5 billion, and Gujarat with $1.85 billion. "Complementing this momentum is India's rapidly evolving semiconductor ecosystem, which is poised to become a cornerstone of the country's tech ambitions," said Vinod Sharma, chairman - electronics, ESC. He noted the government's approval of four new chip-making units in Odisha, Punjab, and Andhra Pradesh worth Rs. 4,600 crore, alongside earlier mega projects such as Micron's Rs. 22,516 crore ATMP facility in Gujarat and Tata Electronics' Rs. 91,000 crore fab in Dholera. The ESC also highlighted the launch of the Electronic Component Manufacturing Scheme (ECMS), aimed at strengthening domestic component supply chains and reducing import dependence. The initiative, long-awaited by the industry, is expected to deepen India's manufacturing base. "This is not a flash in the pan, it's a structural shift," said Gurmeet Singh, executive director, ESC. He added that with the current trajectory, India is on track to achieve its $200 billion electronics export target by 2030. The achievement, ESC said, reflects the combined effect of production-linked incentives, duty rationalization, skilling programs, and targeted support for small and medium enterprises.
Time of India
13 hours ago
- Business
- Time of India
India's non-smartphone electronics shipments surge: Over $14 billion exports in FY25, says ESC; total electronics exports up by 32.47%
AI-image India's non-smartphone electronics exports have exceeded $14 billion in FY 2024-25, with total electronics exports reaching $38.57 billion, showing a 32.47 per cent increase year-on-year, as reported by the Electronics and Computer Software Export Promotion Council (ESC). Despite smartphones leading exports, non-smartphone sectors have demonstrated significant growth. Various sectors including solar panels, telecom equipment, medical electronics, batteries, and digital processing units have shown substantial contributions, as reported by ANI. Photovoltaic cells generated $1.12 billion, telecom equipment and parts contributed $1.4 billion, whilst rectifiers, inverters, and chargers collectively exceeded USD 2.5 billion. Medical electronics produced $0.4 billion, and PCs and digital processing units contributed USD 0.81 billion. Electronics currently represents 9 per cent of India's total merchandise exports, increasing from 6.73 per cent in the previous year, demonstrating the sector's increasing significance in the nation's economic growth. The ESC described this achievement as a "strategic inflection point" for India's technology sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Earn Upto 5k Daily By This Method of Intraday Trading TradeWise Learn More Undo "This is more than a number, it's a statement of resilience, innovation, and global ambition," said Sandeep Narula, chairman - global outreach, ESC. He noted that Indian exporters demonstrated "remarkable agility and foresight" in managing tariff pressures and evolving global trade patterns. State-wise export performance shows Tamil Nadu leading with $14.65 billion, followed by Karnataka at $7.8 billion, Uttar Pradesh at $5.26 billion, Maharashtra at $ 3.5 billion, and Gujarat at $1.85 billion. "Complementing this momentum is India's rapidly evolving semiconductor ecosystem, which is poised to become a cornerstone of the country's tech ambitions," said Vinod Sharma, chairman - electronics, ESC. He referenced the government's approval of four new chip-making units in Odisha, Punjab, and Andhra Pradesh valued at Rs. 4,600 crore, alongside previous major projects including Micron's Rs. 22,516 crore ATMP facility in Gujarat and Tata Electronics' Rs. 91,000 crore fab in Dholera. The ESC emphasised the introduction of the Electronic Component Manufacturing Scheme (ECMS), designed to strengthen domestic component supply chains and decrease import reliance. The industry anticipates this long-awaited initiative to enhance India's manufacturing capabilities. "This is not a flash in the pan, it's a structural shift," stated Gurmeet Singh, executive director, ESC. He indicated that India remains on course to achieve its USD 200 billion electronics export target by 2030. The ESC attributed this success to the combined impact of production-linked incentives, duty rationalisation, skilling programmes, and targeted assistance for small and medium enterprises. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
News18
15 hours ago
- Business
- News18
Indias non-smartphone electronics exports cross USD 14 billion mark in FY24-25
New Delhi [India], August 20 (ANI): India's non-smartphone electronics exports have crossed the USD 14 billion mark in FY 2024-25, contributing to an overall electronics export of USD 38.57 billion, a 32.47 per cent jump from the previous year, according to the Electronics and Computer Software Export Promotion Council (ESC).While smartphones remain a key driver of exports, the surge in non-smartphone categories has been the real story. Solar panels, telecom equipment, medical electronics, batteries, and digital processing units have all contributed significantly. Photovoltaic cells alone earned USD 1.12 billion, telecom equipment and parts added USD 1.4 billion, while rectifiers, inverters, and chargers together surpassed USD 2.5 billion. Medical electronics generated USD 0.4 billion, and PCs and digital processing units added another USD 0.81 billion. Electronics now make up 9 per cent of India's total merchandise exports, up from 6.73 per cent last year, highlighting the sector's growing role in the country's economic and trade ambitions. The ESC called this milestone a 'strategic inflection point" for India's technology industry.'This is more than a number, it's a statement of resilience, innovation, and global ambition," said Sandeep Narula, chairman – global outreach, ESC. He added that Indian exporters had shown 'remarkable agility and foresight" in navigating tariff pressures and shifting global trade have also been driven by strong state-level performances. Tamil Nadu topped the list with USD 14.65 billion in electronics exports, followed by Karnataka with USD 7.8 billion, Uttar Pradesh with USD 5.26 billion, Maharashtra with USD 3.5 billion, and Gujarat with USD 1.85 billion. 'Complementing this momentum is India's rapidly evolving semiconductor ecosystem, which is poised to become a cornerstone of the country's tech ambitions," said Vinod Sharma, chairman – electronics, ESC. He noted the government's approval of four new chip-making units in Odisha, Punjab, and Andhra Pradesh worth Rs. 4,600 crore, alongside earlier mega projects such as Micron's Rs. 22,516 crore ATMP facility in Gujarat and Tata Electronics' Rs. 91,000 crore fab in ESC also highlighted the launch of the Electronic Component Manufacturing Scheme (ECMS), aimed at strengthening domestic component supply chains and reducing import dependence. The initiative, long-awaited by the industry, is expected to deepen India's manufacturing base.'This is not a flash in the pan, it's a structural shift," said Gurmeet Singh, executive director, ESC. He added that with the current trajectory, India is on track to achieve its USD 200 billion electronics export target by achievement, ESC said, reflects the combined effect of production-linked incentives, duty rationalization, skilling programs, and targeted support for small and medium enterprises. (ANI)
