Electronic goods export from India

Updated: 27-Feb-2023
Electronic goods export from India

India has emerged as a leading exporter of electronic goods in recent years. The country's electronic goods exports have grown rapidly due to favorable government policies, improved infrastructure, and a skilled workforce. India is the world's second-largest mobile phone producer and has been able to make its mark in the global electronic goods market. This blog will provide insights into the electronic goods export market in India, the items exported, and the process of exporting electrical goods from India.

Indian electronics exports are expected to reach $120 billion:

According to electronics import export data, India's electronics exports will reach USD 120 billion by 2025–2026 with the help of state governments working together with the central government. According to the Ministry of State for Entrepreneurship, Skill Development, Electronics and Technology, the country's electronics industry was valued at between 70 and 75 billion and Prime Minister Narendra Modi has set a goal to reach 300 billion by 2025–26.

The Taiwan-based Pegatron Corporation's wholly-owned subsidiary in India is Pegatron Technologies. According to officials, the manufacturing complex, which cost Rs 1,100 crore to build, will provide 14,000 new jobs to the area. By 2025–2026, our exports of electronics will reach USD 120 billion from the USD 16–20 billion in mobile phones that we currently export. It is six times, and it will occur as a result of state governments working with the Indian government and taking advantage of the PLI schemes and other investment-attracting programs that Prime Minister Narendra Modi has introduced, the minister added.

What electronic items are exported from India?

India exports a wide range of electronic goods to countries across the world. Some of the major electronic items exported from India are as follows:

Mobile Phones - India is the second-largest producer of mobile phones in the world and has a huge market for exporting them.

Computer Hardware - India has a growing IT industry, and the country exports a significant amount of computer hardware, including laptops, motherboards, and processors.

Consumer Electronics - The country is also a significant exporter of consumer electronics such as televisions, refrigerators, and washing machines.

Electronic Components - India has a robust electronic components industry that exports components such as semiconductors, capacitors, and resistors.

Medical Electronics - India has a growing medical electronics industry that exports medical devices such as ultrasound machines, X-ray machines, and blood glucose monitors.

Who is the largest exporter of electronics?

China has been the world's largest exporter of electronics for a long time. However, India's electronic goods exports have been growing at a rapid pace in recent years. India has emerged as a strong competitor to China in the electronic goods export market. In 2019-20, India's electronic goods exports stood at $11.2 billion, which is a significant increase from $5.5 billion in 2014-15. For the most updated and recent market information for electronics, EximPedia.app is the topmost platform to analyze the current export and import data for electronics.

However, India's electronic goods exports are expected to continue growing due to various factors such as the government's "Make in India" initiative, improved infrastructure, and favorable policies. The Indian government has also announced various incentives and schemes to boost electronic goods exports from the country.

How can I export electrical goods from India?

Exporting electrical goods from India involves a systematic process that requires compliance with various regulations and standards. Here is a brief overview of the steps involved in exporting electrical goods from India:
Register for an IEC (Import Export Code) - An IEC is mandatory for all persons or entities that wish to export goods from India. You can obtain an IEC from the Directorate General of Foreign Trade (DGFT).

Obtain necessary licenses and permits - Depending on the type of electrical goods you wish to export, you may require additional licenses and permits from the relevant authorities.
Prepare the goods for export - Ensure that the electrical goods you wish to export comply with the relevant quality standards and packaging requirements.
Arrange for transportation - You can choose to transport your goods via air, sea, or land. Ensure that you have all the necessary documents such as a bill of lading, commercial invoice, and packing list.
Pay the necessary taxes and duties - You may be required to pay taxes and duties such as customs duty, GST, and cess on the electrical goods you wish to export.
Clear customs - The customs authorities will inspect your goods and release them once they are satisfied that all regulations and standards have been complied with.
Obtain Export Import Data- This is the crucial point for every business that wants to enter the international trade business. Reliable, Authentic, and accurate Indian import-export data plays an important role to export electrical goods from India

Conclusion

In conclusion, the electronic goods export market in India has grown significantly in recent years, and the country has emerged as a leading exporter of electronic goods. The government's policies, improved infrastructure, and skilled workforce have contributed to the growth of electronic goods.  Export market in India. If you wish to export electrical goods from India, ensure that you comply with all the necessary regulations and standards and follow the systematic process involved. EximPedia is an Import Export Data Provider dashboard that provides trustworthy, up-to-date, and authentic international trade data, India Export Data for more than 100+ nations. We offer Indonesia custom data, Indian import data, and Indian export data for the electronic market. So, if you're looking for worldwide data, take a look at EximPedia's best and most accurate data-driven dashboard.

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