In the last few years, our government has come up with good schemes for raising the export and manufacturing of electronic goods in India. The rise of domestic manufacturing of mobile phones has slowly risen in the last few years, and this is one of the major reasons behind the rising of electronic items export in India.
India’s Electronic Export: Rising Tremendously
Total production of electronic goods in value terms more than doubled from $31.2 billion in FY15 to $65.5 billion in FY19, led by mobile phones, shows data from the Reserve Bank of India’s annual report issued on 29 August.
The schemes that were introduced for enhancing the production of electronic goods in India are a Phased manufacturing program for mobile handsets and related sub-assemblies/components manufacturing, national policy on electronics, etc.
For more information on how the import export business of electronic goods can help business owners in India with more success, call on +91 9211066888