9/8/2016

Indiaexpects$56billioninvestmentinelectronicssectorTheEconomicTimes
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Indiaexpects$56billioninvestmentin
electronicssector
PostaComment

ByPTI|Jun02,2016,10.14AMIST

READMOREONsmartcities|investments|FDI|electronicssector|CommunicAsia2016

SINGAPORE:Indiaisexpecting$56billion
worthofinvestmentsoverthenextfour
yearsintheelectronicssectortomeetits
increasingdemand,anofficialhassaid
here.
Like

Share Youand3.7Motherslikethis.

"Wemusthaveanelectronicsoutputof
$400billionayearby2020tomeet
domesticdemandandgenerateexports
worth$80billion,"Directorinthe
DepartmentofElectronicsandITMinistryS
KMarwahasaid.

Marketingcampaignsarebeingheldacrosstheworldtoattract
moreandmoreinvestmentsinthesector,whichalsoholdsthe
potentialof$80billionworthofexports.

Indiahasallowed100percentForeign
DirectInvestment(FDI)intheelectronicssectorwitha25percentsubsidy,hesaid
yesterdayduring'IndiaConnect'businessforumorganisedattheongoing
CommunicAsia2016exhibitionbeingheldfromMay31toJune3inSingapore.
Marwahaunderlinedtheneedtoincreaseelectronicssectoroutputby$300billionover
thenextfouryears,giventhestronghitechproductsdemand,whichwillalsobecoming
fromthedevelopmentandretrofittingof98SmartCitiesacrossthecountry.Current
electronicsdemandinIndiais$100billion.
Todate,Indiahasreceived$16billionofnewinvestmentsfortheelectronicssector,
accordingtoMarwahawhoexpectstheindustrytobe$100billionstrongalongwith$28
billionofexistinginvestmentsandthenew$52billionrequiredinput.
Marketingcampaignsarebeingheldacrosstheworldtoattractmoreandmore
investmentsinthesector,whichalsoholdsthepotentialof$80billionworthofexports,
Marwahasaid.
ThetargetistomatchimportsandexportsandevenmakeIndiaanetexporterof
electronicsgoodsbyshippingoutmoretotheglobalmarkets,hesaidafteraddressingthe
forum,whichwassupportedbytheSingaporeBusinessFederation.
Indiaisrepresentedby54companiesinthemegaexhibitioncoveringbroadcast,
communicationsandrelatedenterprises,organisedbytheSingaporeExhibitionServices.
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http://economictimes.indiatimes.com/news/economy/finance/indiaexpects56billioninvestmentinelectronicssector/articleshow/52548484.cms

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